PGS’ returnee lands Black Sea acquisition contract

Norway’s Petroleum Geo-Services (PGS) has secured an acquisition contract in the Black Sea for its recently reactivated seismic vessel Ramform Vanguard.

The Ramform Vanguard will acquire the survey using an exploration configuration towing a 12×8000 meter spread, PGS stated.

Work is scheduled to start mid-August and be completed in November.

According to the company, there are options related to the contract with potential for the program to extend well into 2022.

“We are pleased to be awarded this project, which is a solid contribution to our order book. We reactivated the Ramform Vanguard for the North Sea summer season because of increased seismic acquisition activity,” said PGS president & CEO Rune Olav Pedersen.

“The plan was to take her out of operation after the summer season. Sales leads and active tenders remain healthy, and this contract award is evidence of a continued positive market sentiment, which we believe will extend into the winter season.”

PGS completed the stacking of Ramform Vanguard in early Q3 last year after it had completed the second GeoStreamer X seismic survey in the Viking Graben.

Earlier this year, PGS revealed it had started preparations to reactivate Ramform Vanguard due to an increase in acquisition project activity.