PGS wins 4D acquisition contract offshore Guyana

Norway-based Petroleum Geo-Services (PGS) has secured a 4D acquisition contract from ExxonMobil for work offshore Guyana.

Illustration. Source: PGS
Illustration. Source: PGS

The company said it will mobilize one of its Titan class vessels for the project in Q4 2021.

The acquisition is planned to be completed in Q1 2022, according to PGS.

“We acquired the 4D baseline of this area and consider it strategically important for us to be awarded a repeat survey for parts of the initial program”, said Rune Olav Pedersen, president and CEO at PGS.

“We are very pleased with the recognition of our Ramform acquisition platform and superior multi-sensor GeoStreamer technology, which are well suited for high-quality 4D acquisition programs. The contract adds further visibility to our order book for the coming winter season”.

Earlier this month, oil major ExxonMobil made a new discovery at Longtail-3 well located in the Stabroek Block offshore Guyana, using the Stena DrillMAX drillship.

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The well is located approximately 3.5 kilometers south of the Longtail-1 well. It was drilled in more than 1860 meters of water.