PGS Awarded 3D Seismic Project Offshore Africa

Thursday, August 24, 2023

Marine geophysical company PGS announced it has been awarded a 3D exploration acquisition contract offshore Africa.

One of PGS' Ramform Titan Class vessel is expected to mobilize for the survey in the fourth quarter, subject to final approvals, and the program has a total duration of 4-5 months, the company said in a update on Thursday.

“We are very pleased with this contract award, which improves our visibility into H1 2024. There is increasing exploration interest in Africa and this award builds on the recent success of our Titan class vessels in this region,” said Rune Olav Pedersen, PGS' president and CEO.

In addition, PGS said it will postpone the mobilization of its vessel Ramform Victory to Brazil due to a permitting delay impacting the large 4D contract survey it was scheduled to perform for Petrobras later in Q3. The mobilization is now expected to occur toward year-end, with an unchanged contract scope.

In the meantime, the vessel will initially acquire data on an ongoing highly pre-funded MultiClient program until all permits are in place for the contracted 4D survey, PGS said.

Categories: Geoscience Activity South America Africa Seismic

Related Stories

Shearwater Nets Petrobras Contract for 3D Survey Off Suriname

TotalEnergies Grows Stake in Two Blocks Offshore Namibia

BW Energy Signs Production Sharing Contracts for Two Exploration Blocks Off Gabon

Current News

Oil Dips 2% as Hurricane Fears Ease

ND Governor Burgum on Trump's Energy Shortlist

Baker Hughes: US Rig Count Remains Steady

Did You Know? Six Steps Cyber Attackers Take to Steal Maritime Data

Subscribe for OE Digital E‑News