Equinor has exercised an option to extend its framework agreement with PGS by an two additional years.
Equinor has exercised an option to extend its framework agreement with PGS by an two additional years.
The two-year agreement covers 4D monitoring surveys on the Norwegian and the UK continental shelf. As part of the agreement, Equinor has two two-year options, of which one option has now been exercised.
From the current agreement, PGS will acquire a 4D survey over the Gullfaks field and a 4D survey over the Gudrun field during the 2023 summer season.
‘The confidence Equinor shows by extending the multi-year framework agreement confirms our strong position in the 4D market,’ said PGS’ president and CEO, Rune Olav Pedersen.
Meanwhile, PGS has won a 3D exploration acquisition contract in the Mediterranean from an international energy company. The vessel Ramform Hyperion is mobilising for the survey and expects to complete in late April. ‘This is the third sequential survey for Ramform Hyperion in the highly active Mediterranean geo-market where we have built a solid acquisition campaign through the winter season,’ said president and CEO of PGS, Rune Olav Pedersen.
