PGS Awarded Offshore Wind Site Characterization Contract
Oslo, Norway: PGS is awarded an offshore wind site characterization contract (its third), in Europe. Mobilization is scheduled for early July and the contract has a total duration of approximately two months.
The project will be acquired with PGS’ ultra-high-resolution 3D (UHR3D) streamer, providing significantly more detailed subsurface data for shallower targets compared to traditional seismic acquisition systems.
“We are very pleased with this offshore wind site characterization contract award, which extends visibility for our offshore wind operations through the third quarter. We successfully entered the offshore wind site characterization market last year and have secured continuous activity since startup. Our geophysical approach by using an ultra-high-resolution 3D towed streamer system is significantly more efficient than traditional 2D and geotechnical solutions. Our clients value the shorter lead time and the high data quality we offer. There is a significant volume of offshore wind site characterization projects out for tender, and we expect increasing activity going forward,” says Rune Olav Pedersen, President & CEO of PGS.
PGS announces contract awards and MultiClient projects as stock exchange releases if the contract has a value of $10 million or more, MultiClient projects with a duration of two months or more, and strategically important contracts.