PGS Awarded Large Contract in South America
14 Novembre 2018 - 8:00AM
November 14, 2018: Oslo, Norway, PGS (or the
"Company") has entered into a contract for a 3D survey in South
America for an undisclosed client.
PGS plans to use two Ramform Titan-class vessels
for an estimated total duration of approximately 13 vessel months.
Acquisition is scheduled to start in the second half of November
and the contract value is estimated to be in excess of $75
million.
For details,
contact:
Bård Stenberg, SVP IR & Communication
Mobile: +47 992 45 235
PGS (or "the Company") is a
focused 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). For more information on
Petroleum Geo-Services visit www.pgs.com.
****
The information included herein
contains certain forward-looking statements that address
activities, events or developments that the Company expects,
projects, believes or anticipates will or may occur in the future.
These statements are based on various assumptions made by the
Company, which are beyond its control and are subject to certain
additional risks and uncertainties. The Company is subject to
a large number of risk factors including but not limited to the
demand for seismic services, the demand for data from our
multi-client data library, the attractiveness of our technology,
unpredictable changes in governmental regulations affecting our
markets and extreme weather conditions. For a further description
of other relevant risk factors we refer to our Annual Report for
2017. As a result of these and other risk factors, actual events
and our actual results may differ materially from those indicated
in or implied by such forward-looking statements. The reservation
is also made that inaccuracies or mistakes may occur in the
information given above about current status of the Company or its
business. Any reliance on the information above is at the risk of
the reader, and PGS disclaims any and all liability in this
respect.
This information is subject
to the disclosure requirements pursuant to section 5 -12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Petroleum Geo-Services ASA via Globenewswire
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