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PGS awarded Petrobras 4D production contract offshore Brazil

AI Summary

Petrobras awarded PGS a significant 4D production contract over the Barracuda-Caratinga field in the Campos basin offshore Brazil. Mobilization is scheduled to start in Q2 2023 and acquisition is expected to be completed in early 2024.

The Ramform Victory will most likely be rigged to acquire the Barracuda-Caratinga 4D survey, supported by PGS Apollo as a source vessel.

“Our visibility for 2023 is improving with increasing rates. To optimize our vessel resources during the summer season next year we will most likely use the Ramform Victory to acquire the Barracuda-Caratinga 4D survey,” says President & CEO of PGS, Rune Olav Pedersen.

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