PGS has been awarded a Wide Azimuth 3D acquisition contract offshore Cyprus. Mobilization is scheduled to start in mid-June with acquisition expected to complete in mid-August.
“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,” says President & CEO in PGS, Rune Olav Pedersen.
The award was included in the booked position disclosed in the Q1 2022 presentation.
PGS also announced that it had secured solid industry pre-funding for a large MultiClient survey on the Northwest shelf of the Norwegian Sea. The Ramform Atlas is currently mobilizing for the survey, with scheduled acquisition set to start around May 10.
“This is the first large-scale MultiClient survey we are acquiring offshore Norway since 2020, as we experience increasing demand for high-fidelity MultiClient data from renewed exploration interest among our clients.
“The Ramform Atlas will acquire approximately 6,000km² of new GeoStreamer data in a second azimuth to existing GeoStreamer MultiClient data in the region yielding a Dual Azimuth product,” said Olav Pedersen.
