SEISMIC SPECIALISTS SENSE LIGHT AT THE END OF THE TUNNEL

摘要

Well known marine seismic contractors such as PGS and Polarcus say the gradual recovery in the oil price means that they are starting to see early signs of market stabilisation and improving sentiment, although there is a long way to go. "We believe that this has started to impact our multiclient performance positively," said PGS, when it issued its most recent financial statements in July 2016. It said the marine contract market is still characterised by very low pricing, "but here too we see indications of more predictable patterns in customer survey planning and contracting processes". PGS also noted that, due to vessel stacking, the supply/demand balance for seismic vessels has improved significantly since mid-2015.