PGS re-activates vessels for North Sea summer season

Offshore survey service provider PGS has started to re-activate vessels as it is experiences an increase in seismic acquisition project activity.

Based on project awards so far, PGS has started preparations to re-activate Ramform Vanguard for the summer season, with an acquisition expected to commence in April.

The company will also activate Sanco Swift to be used as a source vessel for at least three months on awarded projects.   

Last year, PGS implemented a series of cost reduction measures worth about $400m through staff reductions, re-organisation, consolidation of offices, re-negotiation of service agreements and later in the year launched a scheme of arrangement to implement the restructuring.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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