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
NGL Growth Leads Enterprise Product Partners to Strong Fourth Quarter
2024-02-02 - Enterprise Product Partners executives are still waiting to receive final federal approval to go ahead with the company’s Sea Port Terminal Project.
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
2024-02-13 - In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
After Megamerger, Canadian Pacific Kansas City Rail Ends 2023 on High
2024-02-02 - After the historic merger of two railways in April, revenues reached CA$3.8B for fourth-quarter 2023.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Moda Midstream II Receives Financial Commitment for Next Round of Development
2024-03-20 - Kingwood, Texas-based Moda Midstream II announced on March 20 that it received an equity commitment from EnCap Flatrock Midstream.