Norwegian aquatic seismic study business PGS has actually won a Wide Azimuth 3D purchase agreement offshoreCyprus
PGS, which possesses a fleet of seismic study vessels, stated that mobilization was set up to begin in mid-June The purchase is anticipated to finish in mid-August
President & & CHIEF EXECUTIVE OFFICER of PGS, Rune Olav Pedersen stated: “We are very pleased with this contract award, which is an important
contribution to our vessel utilization during the summer season. The Eastern Mediterranean is a prolific gas region and a well-known area to PGS. With our Ramform acquisition platform and GeoStreamer technology we will provide the client with high-quality data.”
PGS did not expose the identification of the customer or the particular vessel that will certainly be utilized for the work.
Pedersen recently stated he anticipated all the business’s energetic vessels to be hectic from the very early 2nd quarter.
“As we enter the summer season, we expect vessel utilization to improve and to operate all our six active vessels from early Q2. We believe that the contract market will improve further this year. We are experiencing increasing demand for our MultiClient data from a re-emerging exploration interest among our clients, and we expect MultiClient late sales to increase in 2022, compared to 2021,” Pedersen stated as component of the discussion of the 1Q results.
