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
Infrastructure Firm HASI Makes Executive Leadership Changes
2025-02-18 - HA Sustainable Infrastructure Capital Inc. announced four executive leadership appointments, effective March 1.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
Q&A: Patterson’s OFS Perspective on the Shale Boom, Pandemic and Current Upswing
2025-02-27 - Former Basic Energy Services CEO Roe Patterson details his perspective on the shale boom and the lessons learned to get back to the current upswing in the industry.
USA Compression Names Chris Wauson as COO
2025-03-07 - Chris Wauson, currently the leader of natural gas compression company USA Compression Partners’ Permian office, has been chosen as the company’s new COO.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.
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.