Petroleum Geo-Services ASA (PGS) has signed a Letter of Award with Mitsubishi Heavy Industries Ltd. for the delivery of two Ramform W-class vessels, with the option for another two ships. The vessels are the first in the new, fifth generation Ramform series. Planned deliveries of the two first vessels are in 2013. .
PGS President and CEO, Jon Erik Reinhardsen states in a comment: “The new generation Ramforms will strengthen PGS’ unique position in the seismic industry. Our decision to renew and expand our fleet comes at a time when we expect growth in seismic demand.”