SMB, CompactGTL form floating technology pact

Offshore staff

OSLO, Norway – Petroleum Geo-Services ASA (OSLO:PGS) expects to take delivery next year of two new generation Ramform Titan-class vessels from Mitsubishi Heavy Industries.

These were ordered in April 2011, with options for a further two vessels.  Export credit financing is now in place for the newbuilds in Japan.

Total estimated cost for each of the two vessels is around $250 million, including commissioning and a comprehensive seismic equipment package, but excluding capitalized interest.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...