PGS reports variety of new orders
  by: OilOnline
  Tuesday, March 19, 2002

Petroleum Geo-Services disclosed a number of recent contracts in its recent fiscal report. PGS was awarded $33 million in four-component seismic acquisition contracts offshore Nigeria, in the Norwegian sector of the North Sea and in the North Atlantic's West of Shetlands area. The contracts cover a mix of undeveloped and producing areas. PGS also secured $33 million in highly prefunded multi-client work offshore Brazil. The work will cover nearly 4,500 square kilometers in the Campos and Espirito Santos basins and utilize patented continuous long offset technology.

PGS also recently was awarded $58 million in onshore and transition zone contracts in the United States, Ecuador, India and Bangladesh.

PGS further entered into a data processing technology alliance with BP covering advanced seismic processing techniques for land, marine and ocean bottom seismic data in Egypt, North Africa and the Middle East.

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