Petroleum Geo-Services ASA (‘PGS’ or the ‘Company’) routinely releases information about 3D vessel utilization around the end of each quarter.
Summary of vessel utilization:
The vessel statistics for the fourth quarter 2010 includes the new vessel PGS Apollo (Image) , which started seismic acquisition mid May 2010. The fourth quarter 2010 vessel statistics excludes Orient Explorer, which was returned to the vessel owner as the charter expired by year-end 2009.
PGS will release its Q4 2010 financial results on Thursday February17, 2011, at approximately 7:00 am Central European Time (CET), with a corresponding presentation and webcast scheduled for 8:00 am CET.
Petroleum Geo-Services is a focused geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The company also possesses the world’s most extensive multi-client data library. PGS operates on a worldwide basis with headquarters at Lysaker, Norway.
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Source:PGS, January 6, 2011;