PGS scores new seismic acquisition deal in Mediterranean

Petroleum Geo-Services (PGS) has secured a contract with an undisclosed international energy company to carry out a 3D exploration acquisition contract in the Mediterranean.

PGS’ Ramform Hyperion seismic vessel (Courtesy of PGS)

The contract, worth $10 million or more, is expected to be completed in late April, according to PGS.

Norway-based company’s Ramform Hyperion vessel is mobilizing for the survey, the company added.

Rune Olav Pedersen, president and CEO at PGS, said: “We are very pleased with this contract award which is the third sequential survey for Ramform Hyperion in the highly active Mediterranean geo-market where we have built a solid acquisition campaign through the winter season.” 

Earlier this month, PGS secured industry pre-funding for what it described as a ‘large’ multi-client survey in the Norwegian Sea.

The survey is planned to keep PGS busy until the summer of 2024 and will be carried out by a Ramform Titan-class vessel over two seasons, with mobilization for the first season expected in the second quarter of 2023.

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