PGS awarded industry's largest ever HD4D campaignNews // May 13, 2008
Petroleum Geo-Services (PGS) has been awarded a contract to undertake the largest High Density 4-D (HD4D) marine seismic survey campaign ever in the industry, based on a tendered contract value of US$251 million. The contract was awarded by Petrobras.
The award is comprised of a 'Firm Programme' of five surveys, totaling 4,945 square kilometres and an 'Alternative Programme' of up to 120 days of additional data acquisition.
The Campos, Santos and Espirito Santo Basin surveys are scheduled to begin in October 2008, using PGS' new vessel Ramform Sovereign, which was christened in Ålesund, Norway on March 12th, 2008.
The current estimated contract value to PGS is US$ 180-200 million.