PGS has been awarded a high-end 3D exploration survey on March 17 by Lundin Energy Norway (and partners in PL1083) in the Barents Sea, where sparse node and high-density multi-sensor GeoStreamer seismic will be acquired simultaneously, building on the PGS productivity advantage.
PGS will deploy drop-nodes leased from Geospace Technologies and operate Ramform Hyperion as streamer vessel and Sanco Swift as source vessel with an ultra-wide source configuration. The survey polygon covers approximately 3,600 sq km, of which a subset will be covered with node seismic. The project will commence in late May 2021 with an anticipated duration of 75 days.
“We are very pleased to be awarded this milestone contract by Lundin Energy Norway,” Rune Olav Pedersen, president and CEO of PGS, said. “The survey set up in combination with node and streamer seismic will provide unique data quality in this complex geological province. We have carefully watched the node market for many years and evaluated several entry points. We believe this opportunity will provide us with invaluable experience and insight to the node business and we are confident project execution will be at par with our industry leading streamer seismic operations.”
Recommended Reading
US Shale Gas Investor Wincoram Acquired by Stone Ridge Energy
2025-04-22 - PureWest Energy investor Wincoram Asset Management was acquired by Stone Ridge Energy, the companies said April 22.
Crescent Energy Sells $83MM in Permian Assets to Reduce Debt
2025-04-22 - Crescent Energy has divested non-operated Permian Basin assets for $83 million as part of the company’s plans to sell $250 million of non-core divestures.
Infosys Acquires Tech, Business Firm MRE Consulting for $36MM
2025-04-18 - Infosys said its all-cash deal to buy MRE Consulting will add newer capabilities and risk management to its offerings.
Undrilled but not Unnoticed: White Space Buyers Invest Now for Future Upside
2025-04-18 - Undeveloped, unpermitted acreage lures private equity risk-takers who want in on the mineral and royalty coffers.
TPG Takes Altus Power Private As $2.2B Acquisition Closes
2025-04-16 - Altus Power stock stopped trading on the New York Stock Exchange before trading began April 16 after being acquired by global asset manager TPG.