PGS awarded Black Sea seismic contract

Oslo-listed seismic player PGS has been awarded a contract in the Black Sea, scheduled to start mid-August 2021 and be completed in November. The contract comes with options to extend well into 2022.

PGS will utilise the 1999-built seismic vessel Ramform Vanguard to acquire the survey using an exploration configuration towing a 12 x 8,000 m spread.

The vessel was reactivated earlier this year for the summer season, in addition to the source vessel Sanco Swift.

“We reactivated the Ramform Vanguard for the North Sea summer season because of increased seismic acquisition activity. The plan was to take her out of operation after the summer season. Sales leads and active tenders remain healthy, and this contract award is evidence of a continued positive market sentiment, which we believe will extend into the winter season,” said Rune Olav Pedersen, president and CEO of PGS.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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