Seismic vessels scrapped but others to be upgradedVessel & ROV News // November 6, 2009
As reported in an earlier update CGGVeritas has scrapped three of its old seismic vessels this year, such is the current state of the market.
However, as broker Seabrokers also reported recently, on a somehwta more positive note, Norway’s Petroleum-Geo Services (PGS) is spending money upgrading the equipment in four of its vessels in anticipation of an upturn in demand.
PGS is also scheduled to take delivery of the newbuild PGS Apollo from Spain’s Factorias Vulcano yard during the first quarter of next year.
However, construction of a sister vessel PGS Artemis has been delayed partly due to a bankruptcy process at the Juliana yard in Spain.