Marine company PGS was awarded a 3D exploration contract in Asia Pacific. (Source: Shutterstock)
Marine company PGS was awarded a 3D exploration contract in Asia Pacific according to a Dec. 7 press release.
The Ramform Sovereign is scheduled to mobilize for the survey this December, and the contract’s total duration is approximately 50 days, the release stated.
“Most of our activities in Asia Pacific this year have been well pre-funded multiclient projects,” said Rune Olav Pederson, president and CEO at PGS. “Now we are experiencing increasing contract tendering activity and see potential for more proprietary work in the region.”
The release added that PGS announce contract awards and multiclient projects as stock exchange releases if the contract’s value is $10 million or more, multiclient projects with a duration of two months or more and “strategically important contracts.”
Recommended Reading
Hot Permian Pie: Birch’s Scorching New Dean Wells in Dawson County
2024-10-15 - Birch Resources is continuing its big-oil-well streak in the Dean formation in southern Dawson County with two new wells IP’ing up to 2,768 bbl/d.
Utica’s Encino Boasts Four Pillars to Claim Top Appalachian Oil Producer
2024-11-08 - Encino’s aggressive expansion in the Utica shale has not only reshaped its business, but also set new benchmarks for operational excellence in the sector.
SM, Crescent Testing New Benches in Oily, Stacked Uinta Basin
2024-11-05 - The operators are landing laterals in zones in the estimated 17 stacked benches in addition to the traditional Uteland Butte.
McKinsey: Big GHG Mitigation Opportunities for Upstream Sector
2024-11-22 - Consulting firm McKinsey & Co. says a cooperative effort of upstream oil and gas companies could reduce the world’s emissions by 4% by 2030.
Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last
2024-10-04 - Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.