PGS streamlines operations, stacks vessels, confirms delay with Ramform Titan vessels

摘要

Petroleum Geo-Services (PGS) says it has implemented further steps to streamline operations, reduce cost and capital expenditures and improve cash flow. The company has stacked, and will consider selling or scrapping, the seismic vessels Pacific Explorer and Nordic Explorer. The seismic vessel Atlantic Explorer, which is currently conducting a 2D survey, will be taken permanently down to 2D mode and will be used as a combined 2D, source and EM acquisition vessel.