PGS has been awarded a significant acquisition contract, consisting of several 4D surveys, by an international oil company offshore West Africa.
The Acquisition is scheduled to start early November 2022 and expected to complete early May 2023, PGS said in a media release.
“We are very pleased with this contract award, which secures work for Ramform Vanguard until next summer season, said Rune Olav Pedersen, PGS President and CEO.
“Combining the Ramform acquisition platform and our GeoStreamer technology will provide the client with high quality 4D data.”
Share Settlement Awards
The Oslo headquartered marine geophysics company also revealed that it had settled its 2019 Long Term Incentive Plan, under which performance based restricted stock units (“PRSUs”) were awarded to employees and primary insiders in PGS ASA and its subsidiaries.
PRSUs awarded primary insiders as follows:
- Olav Pedersen received settlement of 40 748 PRSUs into an equal amount of shares in the Company. After completion of this transaction, he holds 1 057 000 PRSUs and 469 365 shares in the Company.
- Gottfred Langseth, EVP & CFO received settlement of 18 191 PRSUs into an equal amount of shares in the Company. After completion of this transaction, he holds 446 000 PRSUs and 968 297 shares in the Company.
- Nathan Selvoy Oliver, EVP Sales & Services received settlement of 18 191 PRSUs into an equal amount of shares in the Company. After completion of this transaction, he holds 446 000 PRSUs and 18 191 shares in the Company.
- Berit Osnes, EVP New Energy received settlement of 18 191 PRSUs into an equal amount of shares in the Company. After completion of this transaction, she holds 315 000 PRSUs and 54 377 shares in the Company.
- Robert James Adams, EVP Operations, received settlement of 7 276 PRSUs into an equal amount of shares in the Company. After completion of this transaction, he holds 446,000 PRSUs and 183 979 shares in the Company.
- Erik Ewig, SVP Technology & Digitalization received settlement of 5 821 PRSUs into an equal amount of shares in the Company. After completion of this transaction, he holds 280,000 PRSUs and 7 391 shares in the Company.
- Lars Ragnar van der Bijl Mysen, General Counsel, received settlement of 6 306 PRSUs into an equal amount of shares in the Company. After completion of this transaction, he holds 163,000 PRSUs and 152 306 shares in the Company.
- Kai Reith, SVP Corporate Development, received settlement of 6 306 PRSUs into an equal amount of shares in the Company. After completion of this transaction, he holds 163,000 PRSUs and 90 647 shares in the Company.
- Bård Stenberg, VP IR & Corporate Communication received settlement of 6 306 PRSUs into an equal amount of shares in the Company. After completion of this transaction, he holds 160,000 PRSUs and 20 742 shares in the Company.
- Anette Valbø, employee elected Director, received settlement of 1 212 PRSUs into an equal amount of shares in the Company. After completion of this transaction, she holds 33,500 PRSUs and 8 354 shares in the Company.
- Gunhild Myhr, employee elected Director, received settlement of 1 940 PRSUs into an equal amount of shares in the Company. After completion of this transaction, she holds 49,500 PRSUs and 1 940 shares in the Company.
- Johan Hendrik Bakker, employee elected alternate Director, received settlement of 1 576 PRSUs into an equal amount of shares in the Company. After completion of this transaction, he holds 37,000 PRSUs and 7 076 shares in the Company.
- Espen Grimstad, employee elected alternate Director, received settlement of 1 212 PRSUs into an equal amount of shares in the Company. After completion of this transaction, he holds 33,500 PRSUs and 6 212 shares in the Company.
