PGS has signed a 3D exploration acquisition contract* for work offshore Namibia. Ramform Titan is mobilizing for the survey and acquisition is expected to complete in late May 2023.

“We are very pleased with this contract award, as it follows nicely after the previous project and secures visibility for the vessel into the 2023 summer season,” says President & CEO in PGS, Rune Olav Pedersen.

PGS announces contract awards and MultiClient projects as stock exchange releases if the contract has a value of $10 million or more, and MultiClient projects with a duration of 2 months or more.

*The contract was included in the order book and booked positions disclosed in the Q4 2022 earnings presentation and CMD material.

About PGS

PGS ASA and its subsidiaries (PGS) is an integrated marine geophysical company that provides a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The Company MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. 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).