PGS - Petroleum Geo-Services ASA
PGS - Petroleum Geo-Services ASA
05/12/2022 | Press release | Distributed by Public on 05/11/2022 23:00
PGS and TGS Expand MultiClient Coverage Offshore Canada
Tid12.05.2022, 04:55:00
MeldingsID561914
UtstederIDPGS
MarkedOslo Børs
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KategoriANNEN INFORMASJONSPLIKTIG REGULATORISK INFORMASJON
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PGS and TGS Expand MultiClient Coverage Offshore Canada
May 12, 2022, Oslo, Norway: PGS has, in partnership with TGS, secured pre-
funding for the South Bank phase II MultiClient project offshore Canada,
extending on the South Bank phase I survey acquired in 2020. The Ramform Titan
will mobilize for the survey in the second half of May and acquisition is
scheduled to complete in the first half of September.
"We experience continued exploration interest offshore Canada, and this is the
12(th) consecutive year of MultiClient GeoStreamer data acquisition in the
region. The South Bank phase II MultiClient survey expands our 3D data coverage
in Southeast Newfoundland and will cover acreage included in the 2022 Call for
Bids licensing round," says President & CEO in PGS, Rune Olav Pedersen.
"The TGS and PGS joint venture continues to successfully provide the industry
with high quality data and insights ahead of scheduled lease rounds. The South
Bank 3D phase II survey will help clients with the evaluation of the blocks
available in the round this November and accelerate drill decisions," says CEO
at TGS, Kristian Johansen.
FOR DETAILS, CONTACT:
Bård Stenberg, VP IR & Corporate Communication
Mobile: +47 99 24 52 35
***
PGS ASA and its subsidiaries ("PGS" or "the Company") is a fully integrated
marine geophysical company that provides a broad range of seismic and reservoir
services, including data acquisition, imaging, interpretation, and field
evaluation. Our services are provided to the oil and gas industry, as well as to
the broader and emerging new energy industries, including carbon storage and
offshore wind. The Company operates on a worldwide basis with headquarters in
Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS).
For more information on 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 2021. 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.
--END--
funding for the South Bank phase II MultiClient project offshore Canada,
extending on the South Bank phase I survey acquired in 2020. The Ramform Titan
will mobilize for the survey in the second half of May and acquisition is
scheduled to complete in the first half of September.
"We experience continued exploration interest offshore Canada, and this is the
12(th) consecutive year of MultiClient GeoStreamer data acquisition in the
region. The South Bank phase II MultiClient survey expands our 3D data coverage
in Southeast Newfoundland and will cover acreage included in the 2022 Call for
Bids licensing round," says President & CEO in PGS, Rune Olav Pedersen.
"The TGS and PGS joint venture continues to successfully provide the industry
with high quality data and insights ahead of scheduled lease rounds. The South
Bank 3D phase II survey will help clients with the evaluation of the blocks
available in the round this November and accelerate drill decisions," says CEO
at TGS, Kristian Johansen.
FOR DETAILS, CONTACT:
Bård Stenberg, VP IR & Corporate Communication
Mobile: +47 99 24 52 35
***
PGS ASA and its subsidiaries ("PGS" or "the Company") is a fully integrated
marine geophysical company that provides a broad range of seismic and reservoir
services, including data acquisition, imaging, interpretation, and field
evaluation. Our services are provided to the oil and gas industry, as well as to
the broader and emerging new energy industries, including carbon storage and
offshore wind. The Company operates on a worldwide basis with headquarters in
Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS).
For more information on 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 2021. 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.
--END--