Marine seismic data company PGS announced April 8 its award for a large 3D contract offshore South Atlantic margin from a multiclient company.
A Ramform Titan-class vessel is scheduled to commence mobilization in June, with a forecast acquisition duration of up to 300 days.
“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 time periods,” said Rune Olav Pedersen, president and CEO of PGS, in a press release accompanying the announcement.
According to Pedersen, seismic activity offshore South Atlantic margin is increasing as a result of recent exploration success.
Recommended Reading
SM Energy Targets Prolific Dean in New Northern Midland Play
2024-05-08 - KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
Vår Selling Norne Assets to DNO
2024-05-08 - In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.
Crescent Energy: Bigger Uinta Frac Now Making 60% More Boe
2024-05-08 - Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.
SLB OneSubsea JV to Kickstart North Sea Development
2024-05-07 - SLB OneSubsea, a joint venture including SLB and Subsea7, have been awarded a contract by OKEA that will develop the Bestla Project offshore Norway.
Chevron, Total’s Anchor Up and (Almost) Running
2024-05-07 - During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.