Marine seismic data company PGS announced April 8 its award for a large 3D contract offshore South Atlantic margin from a multiclient company.
A Ramform Titan-class vessel is scheduled to commence mobilization in June, with a forecast acquisition duration of up to 300 days.
“The combination of the Ramform acquisition platform and our GeoStreamer technology is well suited for large scale exploration surveys and positioned to deliver strong operational performance over extended time periods,” said Rune Olav Pedersen, president and CEO of PGS, in a press release accompanying the announcement.
According to Pedersen, seismic activity offshore South Atlantic margin is increasing as a result of recent exploration success.
Recommended Reading
Apache CEO: Longer Laterals Expected as Permian Enters New Era
2024-05-17 - With more than a decade of development in the Midland and Delaware basins, there are more limitations that operators will have to work around, said Apache Corp. CEO John Christmann at Hart Energy's SUPER DUG Conference & Expo.
Enverus: Permian Gains Will Sustain US Oil Production Through 2030
2024-05-09 - Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.
Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests
2024-05-01 - Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.
Decoding the Delaware: How E&Ps Are Unlocking the Future
2024-05-01 - The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.