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  • GlobeNewswire

    PGS ASA: Awarded Northern Lights CO2 Storage Acquisition Contract

    January 19, 2022: Oslo, Norway, PGS is awarded a seismic acquisition contract for CO2 storage offshore Norway by Equinor on behalf of Northern Lights JV DA. Acquisition is scheduled to start in Q2 2022 and has a duration of approximately 1 month. “Northern Lights is one of the pioneering CO2 transport and storage companies in Europe and we are proud to contribute with our technology to their groundbreaking efforts. We established our New Energy business area early 2021 and made MultiClient data

  • GlobeNewswire

    PGS ASA: Awarded Endurance CCS Acquisition Contract

    January 18, 2022: Oslo, Norway, PGS is awarded a Carbon Capture and Storage (“CCS”) 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 of the industry’s first publicised awards of a 3D acquisition contr

  • GlobeNewswire

    PGS ASA: Q4 2021 Update

    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 ($20.8 million in Q4 2020). Segment MultiClient pre-funding revenues were approximately $2