PGS ASA: Awarded 4D Contract in the North Sea

PGS ASA: Awarded 4D Contract in the North Sea

24 Nov 2021 08:00 CET

November 24, 2021: Oslo, Norway, PGS is awarded a 4D contract in the North Sea.
A Ramform Titan-class vessel is scheduled to commence acquisition early August
2022 and complete mid-September.

"We are very pleased to be awarded this 4D contract in the North Sea. It is
encouraging to see our clients securing capacity well in advance, like in this
case, and we believe in a continued improvement of the contract market next
year", says President & CEO in PGS, Rune Olav Pedersen.

FOR DETAILS PGS, CONTACT:

Bård Stenberg, VP IR & Corporate Communication
Mobile: +47 99 24 52 35

PGS ASA and its subsidiaries ("PGS" or "the Company") is an integrated marine
geophysics company, which operates world-wide. The Company supports the energy
industry, including oil and gas, offshore renewables, carbon capture and
storage. PGS' headquarter is in Oslo, Norway and the PGS share is listed on the
Oslo stock exchange (OSE: PGS). For more information about PGS visit www.pgs.com
(http://www.pgs.com/).

The information included herein contains certain forward-looking statements that
address activities, events or developments that the Company expects, projects,
believes or anticipates will or may occur in the future. These statements are
based on various assumptions made by the Company, which are beyond its control
and are subject to certain additional risks and uncertainties. The Company is
subject to a large number of risk factors including but not limited to the
demand for seismic services, the demand for data from our multi-client data
library, the attractiveness of our technology, unpredictable changes in
governmental regulations affecting our markets and extreme weather conditions.
For a further description of other relevant risk factors we refer to our Annual
Report for 2020. As a result of these and other risk factors, actual events and
our actual results may differ materially from those indicated in or implied by
such forward-looking statements. The reservation is also made that inaccuracies
or mistakes may occur in the information given above about current status of the
Company or its business. Any reliance on the information above is at the risk of
the reader, and PGS disclaims any and all liability in this respect.

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Source

PGS ASA

Provider

Oslo Børs Newspoint