Marine seismic data company PGS has been awarded a contract for a large 3D project offshore the South Atlantic margin by a multiclient company.
The contract falls within PGS’ criteria for announcing contract awards of over US$10 million, but its exact value remains undisclosed.
Commenting on the award, Rune Olav Pedersen, President & Chief Executive Officer of PGS, expressed satisfaction, stating, “Seismic activity offshore South Atlantic margin is increasing as a result of recent exploration success, and we are very pleased with this letter of award, extending visibility for one of our Ramform Titan-class vessels well into 2025.”
The project entails the mobilization of a Ramform Titan-class vessel in June with a forecast acquisition duration spanning up to 300 days.
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Pedersen highlighted the efficacy of PGS’ technology and vessel platform in executing large-scale exploration surveys.
“The combination of the Ramform acquisition platform and our GeoStreamer technology is well suited for large-scale exploration surveys and positioned to deliver strong operational performance over extended periods,” he said.
