PGS ASA, a prominent marine geophysical company, has officially started data acquisition for a significant 4D seismic monitoring project over the Barracuda Caratinga fields for Petrobras. This initiative marks a critical phase of the project following the final permit approval by the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA). Project Details and Strategic […]
PGS, a leader in seismic exploration technology, has initiated a comprehensive depth reprocessing project of the ANG Block 16 MC3D GeoStreamer dataset in Angola’s Lower Congo Basin, targeting deeper exploration prospects. Set to deliver final results in Q3 2024, this initiative marks a significant step in revitalizing deepwater exploration in the region. Exploration Revival in […]
TGS ASA and PGS ASA announced that they have agreed on the principal terms for a merger, aiming to create a powerful full-service energy data company. As per Norwegian corporate law, the merger consideration for PGS shareholders will be 0.06829 ordinary shares of TGS for each PGS share. Post-merger, TGS and PGS shareholders will own […]
PGS ASA said that it has bagged a 3D exploration acquisition contract in Indonesian waters from an undisclosed energy company. The Norwegian marine geophysics company has also won a 4D acquisition contract in Australian waters from a global energy company. In mid-October 2022, PGS ASA will mobilize the Ramform Sovereign research/survey vessel to execute the […]
PGS ASA said that it has won an acquisition contract from a multinational oil company offshore West Africa. The acquisition consists of a number of 4D surveys, said the Norwegian marine geophysics company. According to PGS ASA, the acquisition is slated to begin in early November 2022 and is likely to be wrapped up in […]
PGS ASA, a Norwegian marine geophysics company, said that it has bagged a 4D seismic survey contract in the Gulf of Mexico from an undisclosed client. The company did not disclose the value of the contract. According to PGS ASA, its Ramform Titan-class vessel is slated to begin acquisition of the 4D seismic data later […]
Petroleum Geo-Services (PGS) has rejected the proposal from its rival Norwegian geoscience data provider TGS-NOPEC Geophysical (TGS) of acquiring its multi-client data library for $600 million citing that the consideration is less. The Norwegian surveying services company said that after reviewing and evaluating the “unsolicited”, conditional and non-binding proposal from TGS, its board has concluded […]
TGS-NOPEC Geophysical (TGS), a Norwegian geoscience data provider, has submitted a conditional offer to acquire the multi-client data library of its rival Petroleum Geo-Services (PGS) for $600 million. Additionally, TGS has proposed to enter into a post-closing collaboration agreement with PGS for the latter’s multi-client projects. This would also cover certain preferential rights for PGS […]