PGS awarded contract in South America

Petroleum Geo Services (PGS) has entered into a contract for a 3D survey in South America for an undisclosed client.

PGS plans to use two Ramform Titan-class vessels for an estimated duration of approximately 13 vessel months.

Acquisition is scheduled to start in the second half of November.

The contract value is estimated to be in excess of US$75 million.

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