January 18, 2022: Oslo, Norway, PGS is awarded a Carbon Capture and Storage 3D seismic acquisition contract by BP over the Endurance reservoir, located about 145 kilometers off the coast from Teesside and around 85 kilometers from the Humber coast. Seismic acquisition is scheduled to start during April 2022 and complete in June. "PGS has a history of pioneering the marine 3D seismic market and the Endurance survey is one [...]
January 11, 2021: Oslo, Norway, based on a preliminary review, PGS expects to report Revenues and Other Income As Reported* according to IFRS for Q4 2021 of approximately $210 million, compared to $207.7 million in Q4 2020. Segment* Revenues and Other Income for Q4 2021 are expected to be approximately $174 million, compared to $172.8 million in Q4 2020. Contract revenues ended at approximately $64 million . Segment [...]
January 10, 2022: Oslo, Norway; PGS will release its Q4 2021 results on Thursday January 27, 2022 at approximately 08:00 am Central European Time . The earnings release and the earnings presentation will be published on www.newsweb.no and on PGS' web site www.pgs.com. President & CEO Rune Olav Pedersen and EVP & CFO Gottfred Langseth will present the results via an audiocast the same day at 9:00 am CET. To join the [...]
January 5, 2022; Oslo, Norway, reference is made to PGS ASA convertible bond loan with ISIN NO0010920697 in the aggregate amount of NOK 116,162,097 issued in Q1 2021. The Company has received conversion notices from convertible bondholders representing NOK 67,101 in this bond issue to convert 67,101 bonds into shares with a conversion price of NOK 3. Pursuant to standard terms set out in the bond terms, the bonds are thus [...]
December 20, 2021: PGS has signed a multi-year Data Management as a Service agreement with a major customer. Cloud enablement of its MultiClient subsurface data library is an integral part of PGS' digital transformation journey, enabling new services and business models that generate new revenue streams. Under this agreement, PGS will provide a cloud-based digital data asset management solution that allows the client to [...]
December 13, 2021: Oslo, Norway, PGS is awarded a 3D exploration contract in West Africa. A Ramform Titan-class vessel is scheduled to commence early February 2022 and will complete mid-March. "We are very pleased with this contract award, and it proves that exploration continues to be an important part of our customers' activities. The contract adds to our order book visibility for Q1 next year", says President & CEO in [...]
December 3, 2021: Oslo, Norway, PGS is scheduled to start a significant 4D acquisition survey for Petrobras over the Roncador and Albacora Leste fields offshore Brazil in Q2 2022. Acquisition is expected to complete in Q3 2022. The contract was awarded earlier and is already included in PGS reported order book. "We are very pleased to provide this significant 4D survey for Petrobras in the prolific Campos basin. We have [...]
November 24, 2021: Oslo, Norway, PGS is awarded a 4D contract in the North Sea. A Ramform Titan-class vessel is scheduled to commence acquisition early August 2022 and complete mid-September. "We are very pleased to be awarded this 4D contract in the North Sea. It is encouraging to see our clients securing capacity well in advance, like in this case, and we believe in a continued improvement of the contract market next [...]
November 18, 2021; Oslo, Norway, reference is made to PGS ASA convertible bond loan with ISIN NO0010920697 in the aggregate amount of NOK 116,162,097 issued in Q1 2021. The Company has received conversion notices from convertible bondholders representing NOK 2,928,024 in this bond issue to convert 2,928,024 bonds into shares with a conversion price of NOK 3. Pursuant to standard terms set out in the bond terms, the bonds [...]
November 4, 2021; Oslo, Norway, reference is made to PGS ASA convertible bond loan with ISIN NO0010920697 in the aggregate amount of NOK 116,162,097 issued in Q1 2021. The Company has received conversion notices from convertible bondholders representing NOK 325,395 in this bond issue to convert 325,395 bonds into shares with a conversion price of NOK 3. Pursuant to standard terms set out in the bond terms, the bonds are [...]
The Ramform Sovereign commenced acquisition of a MultiClient 3D survey in the Sarawak Basin, Malaysia on behalf of the seismic consortium comprising PGS, TGS and WesternGeco. The prefunded MC3D survey over ca 8500 sq. km targets the West Luconia province of Sarawak. This area consists of Tertiary clastic and carbonate targets similar to Sabah, being part of the greater northwest Borneo Sundaland geological province. PGS [...]
October 21, 2021: Oslo, Norway, PGS has entered a strategic collaboration with Magseis Fairfield to address the growing hybrid towed streamer and OBN seismic market. The strategic collaboration has a global scope with initial focus on the North Sea, and a duration of one year with options to extend by two plus two years. The hybrid market is defined as the contemporaneous use of towed streamer and ocean bottom node [...]
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