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.

Oil and gas markets don’t shift gradually — they move in moments. The professionals who see those moments coming don’t have better instincts. They have better information.

The Oil & Gas Advancement briefing delivers that information — covering upstream, midstream, and downstream developments, energy transition strategy, and market intelligence across every major producing region.

  • The stories oil and gas professionals will be discussing tomorrow, in your inbox today
  • Analysis that goes beyond the headline — written for readers who already understand how the market works
  • The briefing that the sector’s most informed professionals open first
Subscribe for Free
NewsUpstreamExploration Development
Previous article
International Petroleum Corp. and PETRONAS extend production sharing contract for Malaysian oil field
Next article
bp looks to further developments at Tangguh with PSC extension

SUBSCRIBE OUR NEWSLETTER

WHITE PAPERS

Libya Regains Full Control of Ras Lanuf Refinery After Decade-Long Dispute

Africa
Libya's state-run National Oil Corporation (NOC) announced on 11th May 2026 the successful regaining of complete oversight of the Ras Lanuf Refinery. This development...

RELATED ARTICLES

About us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions. . . Read More

Resources

Advertise

Subscribe

Copyright © Value Media Group 2026. All rights reserved.