Marine company PGS was awarded a 3D exploration contract in the Mediterranean for its Ramform Titan vessel, the company announced Nov. 6.
The Ramform Titan is scheduled to mobilize for the survey in December and the contract has a total duration of approximately 160 days, according to the release.
“We are very pleased with this contract award securing work for the Ramform Titan through the winter season,” said Rune Olav Pedersen, PGS’ president and CEO. “The Mediterranean is a hotspot serving the European gas market and we see potential for more work in this prolific region.”
PGS has not named the client or value of the award.
Recommended Reading
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
U.S. Shale-catters to IPO Australian Shale Explorer on NYSE
2024-05-04 - Tamboran Resources Corp. is majority owned by Permian wildcatter Bryan Sheffield and chaired by Haynesville and Eagle Ford discovery co-leader Dick Stoneburner.
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.