
The Ramform Victory in Guanabara Bay. (Source: PGS)
PGS ASA will begin data acquisition over the Barracuda-Caratinga field offshore Brazil following the Brazilian Institute of Environment and Renewable Natural Resources’ (IBAMA) issuance of the final permit needed to commence PGS’ large 4D survey contract with Petrobras.
PGS’ seismic research and survey vessel, the Ramform Victory, is on the way to Campos from Rio de Janeiro to begin data acquisition for Petrobras in June, PGS said in a May 30 press release.
In September, the PGS Apollo, a source vessel, will join the Ramform Victory to complete more complex areas of the survey, according to the press release.
The contract, first announced in December 2022 and originally planned for startup in the summer of 2023, will have a duration of about eight months and be completed in 2025.
“We are very pleased that all permits are obtained and that we are about to start on the large Petrobras 4D contract,” said PGS President and CEO Rune Olav Pedersen. “PGS has acquired multiple 4D surveys offshore Brazil and gained significant operational experience in the region. We appreciate Petrobras’ recognition of our Ramform vessel acquisition platform in combination with our GeoStreamer technology, which are well suited for large, high-quality 4D acquisition programs.”
Recommended Reading
Freeport LNG Export Plant in Texas on Track to Return to Full Power, LSEG Data Shows
2025-05-29 - U.S. LNG company Freeport LNG's export plant in Texas was on track to take in more natural gas on May 29 after a small reduction on May 28, a sign the plant was heading back to full power.
Freeport LNG Intake Drops, Hitting NatGas Prices
2025-05-28 - Natural gas prices have taken a 6% hit as the news of slowed gas flows at Freeport LNG spreads.
US NatGas Prices Edge Up on Rising Demand, Signs of Higher Flows to Cameron LNG
2025-06-11 - Prices edged up even as energy firms continue to add record amounts of gas into storage and as the cost of spot gas remains well below futures prices.
Freeport Back at Full Strength Three Years After Fire, Tank Damage
2025-05-21 - Freeport LNG has been operating on two out of three LNG storage tanks for nearly three years, but had managed to hit record production in the past 12 months, most recently in April.
US NatGas Prices Jump 10% on Lower Output, Higher Demand, Technical Buying
2025-05-20 - Gas prices fell about 7% and closed below the 200-day moving average on May 19, which some analysts said likely prompted some technical traders to start buying gas.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.