Petroleum Geo-Services ( PGS ) has secured a contract with an undisclosed international energy company to carry out a 3D exploration acquisition contract in the Mediterranean.
The contract, worth $10 million or more, is expected to be completed in late April, according to PGS.
Norway-based company’s Ramform Hyperion vessel is mobilizing for the survey, the company added.
Rune Olav Pedersen , president and CEO at PGS, said: “We are very pleased with this contract award which is the third sequential survey for Ramform Hyperion in the highly active Mediterranean geo-market where we have built a solid acquisition campaign through the winter season.”
Earlier this month, PGS secured industry pre-funding for what it described as a ‘ large’ multi-client survey in the Norwegian Sea.
The survey is planned to keep PGS busy until the summer of 2024 and will be carried out by a Ramform Titan-class vessel over two seasons, with mobilization for the first season expected in the second quarter of 2023.