PGS secures pre-funding for multiclient survey in Norwegian Sea
(WO) 鈥 PGS has secured industry pre-funding for a large MultiClient survey in the Norwegian Sea.
Rune Olav Pederson, the President and CEO of PGS, says, 鈥淲e acquired the first phase of NWS GeoStreamer X this summer and have now secured pre-funding for a larger second phase. The survey covers approximately 12,500 km2 (7,767.14 square miles) of new GeoStreamer data in a second azimuth over existing GeoStreamer MultiClient data in the region, yielding a dual azimuth product, or what we call GeoStreamer X.
He continues, 鈥淭he combination of multisensor broadband fidelity and dual azimuth illumination provides clients with higher-quality data for their renewed exploration interest on the Norwegian continental shelf.鈥
The survey will be acquired by a Ramform Titan-class vessel over two seasons with mobilization for the first season in Q2 2023. The survey will be completed during summer 2024.