PGS secures pre-funding for multiclient survey in Norwegian Sea

World Oil Staff December 27, 2022

(WO) — PGS has secured industry pre-funding for a large MultiClient survey in the Norwegian Sea.

Rune Olav Pederson, the President and CEO of PGS, says, “We acquired the first phase of NWS GeoStreamer X this summer and have now secured pre-funding for a larger second phase. The survey covers approximately 12,500 km2 (7,767.14 square miles) of new GeoStreamer data in a second azimuth over existing GeoStreamer MultiClient data in the region, yielding a dual azimuth product, or what we call GeoStreamer X.

He continues, “The combination of multisensor broadband fidelity and dual azimuth illumination provides clients with higher-quality data for their renewed exploration interest on the Norwegian continental shelf.”

The survey will be acquired by a Ramform Titan-class vessel over two seasons with mobilization for the first season in Q2 2023. The survey will be completed during summer 2024.

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