OTC Asia 2026

PGS awarded Petrobras 4D production contract offshore Brazil

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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Egypt Takes Energy Security Measures Amid Middle East Clash

Egypt’s Prime Minister Mostafa Madbouly led a high-level meeting on 1st March, 2026 to examine the preparedness of the country’s energy sector as military...

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