August 18, 2023, Oslo, Norway: PGS has entered a one-year strategic
collaboration with inApril for the hybrid towed streamer and ocean bottom node
market.
"The strategic collaboration with inApril expands our service offering and
capabilities in the contract and MultiClient acquisition segments, and further
enhances PGS' position in a recovering seismic market", says Rune Olav Pedersen,
President & CEO of PGS.
"inApril welcomes the opportunity to work with a major marine geophysical
contractor such as PGS and believe we can mutually benefit from the strategic
collaboration to serve the global market for OBN seismic in an increasing number
of contexts including exploration, reservoir monitoring and carbon capture and
storage," says Anne Camerer, CEO of inApril.
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 2 months or more and strategically important
contracts.
FOR DETAILS, CONTACT:
Bård Stenberg, VP IR & Corporate Communication
Mobile: +47 992 45 235
About PGS:
PGS ASA and its subsidiaries ("PGS" or "the Company") is a fully integrated
marine geophysical company that provides a broad range of seismic and reservoir
services, including data acquisition, imaging, interpretation, and field
evaluation. Our services are provided to the oil and gas industry, as well as to
the broader and emerging new energy industries, including carbon storage and
offshore wind. The Company operates on a worldwide basis with headquarters in
Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS).
For more information on PGS visit www.pgs.com (http://www.pgs.com).
About inApril:
inApril is an independent supplier of OBS technology as well as the independent
provider of Venator, the complete and fully automated ocean bottom node (OBN)
based seabed seismic solution. inApril offers a step change in the safe and
efficient operation of seabed seismic surveys by providing cost-effective
technology options needed for exploring and developing the world's 'harder to
find' hydrocarbon reserves.
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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 2022. 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 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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