PGS increases activity in Asia Pacific region with new 3D exploration contract
(WO) – PGS has been awarded a 3D exploration contract in Asia Pacific. The Ramform Sovereign is scheduled to mobilize for the survey in December, and the contract has a total duration of approximately 50 days.
“We are very pleased with this contract award securing work for the Ramform Sovereign into first quarter next year. Most of our activities in Asia Pacific this year have been well pre-funded MultiClient projects. Now, we are experiencing increasing contract tendering activity and see potential for more proprietary work in the region,” says Rune Olav Pedersen, President & CEO in PGS.
PGS announces contract awards and MultiClient projects as stock exchange releases if the contract has a value of $10 million or more, MultiClient projects with a duration of 2 months or more, and strategically important contracts.