PGS in South America Shoot

Norwegian seismic player, Petroleum Geo-Services (PGS) has entered into a contract for a 3D survey in South America for an undisclosed client.

PGS plans to use two Ramform Titan-class vessels for an estimated total duration of approximately 13 vessel months.

Acquisition is scheduled to start in the second half of November and the contract value is estimated to be in excess of $75 million.