PGS sees ‘significant increase of project activity’
- Business & Finance
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.
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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