PGS sees ‘significant increase of project activity’

Norwegian seismic services company PGS will operate eight vessels over the winter season amid a significant increase of activity compared to the same period last year. 

ramform tethys
Ramform Tethys vessel; Source: PGS

PGS has earlier disclosed that it is fully booked for seven vessels in 4Q 2019.

According to its statement on Friday, PGS has now committed to a MultiClient program in West Africa for the eighth active vessel. The program is expected to last more than 100 days and has strong industry funding.

As a consequence, PGS will operate all eight active vessels also over the winter period and Sanco Swift has started transit from Norway to West Africa.

“PGS experiences a significant increase of project activity compared to the same period last year and indications of emerging supply side constraints even over the winter season, which in recent years have had a seasonally lower activity level,” the company concluded.

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