PGS is awarded a 3D exploration contract in the Mediterranean. The Ramform Titan is scheduled to mobilise for the survey in December and the contract has a total duration of approximately 160 days.
“We are very pleased with this contract award securing work for the Ramform Titan through the winter season. The Mediterranean is a hotspot serving the European gas market and we see potential for more work in this prolific region,” says Rune Olav Pedersen, President and CEO in PGS.
PGS announces contract awards and MultiClient projects as stock exchange releases if the contract has a value of US$10 million or more, MultiClient projects with a duration of 2 months or more, and strategically important contracts.