January 19, 2022: Oslo, Norway, PGS is awarded a seismic acquisition contract
for CO(2) storage offshore Norway by Equinor on behalf of Northern Lights JV DA.
Acquisition is scheduled to start in Q2 2022 and has a duration of approximately
1 month.
"Northern Lights is one of the pioneering CO(2) transport and storage companies
in Europe and we are proud to contribute with our technology to their
groundbreaking efforts. We established our New Energy business area early 2021
and made MultiClient data sales during the year for development of CO(2) storage
projects. I am very pleased to see that we now are taking another step in being
awarded this data acquisition contract for Northern Lights," says President &
CEO in PGS, Rune Olav Pedersen.
FOR DETAILS PGS, CONTACT:
Bård Stenberg, VP IR & Corporate Communication
Mobile: +47 99 24 52 35
PGS ASA and its subsidiaries ("PGS" or "the Company") is an integrated marine
geophysics company, which operates world-wide. The Company supports the energy
industry, including oil and gas, offshore renewables and carbon storage. PGS'
headquarters is in Oslo, Norway and the PGS share is listed on the Oslo stock
exchange (OSE: PGS). For more information about PGS visit.
The information included herein contains certain forward-looking statements that
address activities, events or developments that the Company expects, projects,
believes or anticipates will or may occur in the future. These statements are
based on various assumptions made by the Company, which are beyond its control
and are subject to certain additional risks and uncertainties. The Company is
subject to a large number of risk factors including but not limited to the
demand for seismic services, the demand for data from our multi-client data
library, the attractiveness of our technology, unpredictable changes in
governmental regulations affecting our markets and extreme weather conditions.
For a further description of other relevant risk factors we refer to our Annual
Report for 2020. As a result of these and other risk factors, actual events and
our actual results may differ materially from those indicated in or implied by
such forward-looking statements. The reservation is also made that inaccuracies
or mistakes may occur in the information given above about the current status of
the Company or its business. Any reliance on the information above is at the
risk of the reader, and PGS disclaims any and all liability in this respect.
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