PGS Awarded Exploration Contract in Mediterranean

PGS鈥� contract has a total duration of approximately 160 days.

Hart Energy Staff

Marine company PGS was awarded a 3D exploration contract in the Mediterranean for its Ramform Titan vessel, the company announced Nov. 6.

The Ramform Titan is scheduled to mobilize for the survey in December and the contract has a total duration of approximately 160 days, according to the release.

鈥淲e are very pleased with this contract award securing work for the Ramform Titan through the winter season,鈥� said Rune Olav Pedersen, PGS鈥� president and CEO. 鈥淭he Mediterranean is a hotspot serving the European gas market and we see potential for more work in this prolific region.鈥�

PGS has not named the client or value of the award.

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PGS Awarded Exploration Contract in Mediterranean

PGS’ contract has a total duration of approximately 160 days.

Hart Energy Staff

Marine company PGS was awarded a 3D exploration contract in the Mediterranean for its Ramform Titan vessel, the company announced Nov. 6.

The Ramform Titan is scheduled to mobilize for the survey in December and the contract has a total duration of approximately 160 days, according to the release.

“We are very pleased with this contract award securing work for the Ramform Titan through the winter season,” said Rune Olav Pedersen, PGS’ president and CEO. “The Mediterranean is a hotspot serving the European gas market and we see potential for more work in this prolific region.”

PGS has not named the client or value of the award.