PGS is scheduled to start a significant 4D acquisition survey for Petrobras over the Roncador and Albacora Leste fields offshore Brazil in Q2 2022. Acquisition is expected to complete in Q3 2022.

The contract was awarded earlier and is already included in PGS reported order book.

“We are very pleased to provide this significant 4D survey for Petrobras in the prolific Campos basin. We have acquired several 4D surveys offshore Brazil and gained significant operational experience. We appreciate Petrobras’ recognition of our Ramform-vessel acquisition platform and our GeoStreamer technology, which are well suited for large, high-quality 4D acquisition programs," says & CEO in PGS, Rune Olav Pedersen.

About PGS

PGS ASA and its subsidiaries (“PGS” or “the Company”) is an integrated marine geophysics company, which operates world-wide. The Company supports the energy industry, including oil and gas, offshore renewables, carbon capture and storage. PGS’ headquarter is in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS).

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.