Axxis Geo Solutions in Large OBN Survey Deal

Axxis Geo Solutions has entered into a Letter of Intent (LOI) to start a large OBN survey in the fourth quarter of 2019.

The planned survey has an estimated scope of 28 vessel months, utilizing two source vessels and two receiver vessels.

“This LOI confirms AGS’ ability to continue to be awarded non North Sea season work by utilizing it’s unique asset-light operational model coupled with best in class operational excellence demonstrated in recent campaigns by our dedicated crew personnel,” says Lee Parker, CEO of AGS.

AGS is currently working on a Multi-Client survey with TGS in the North Sea, which is expected to be completed during the third quarter 2019.