PGS updates seismic vessel fleet developments

Offshore staff

LYSAKER, NorwayPGS expects to take delivery early next year of the newbuild seismic acquisition vessel Ramform Hyperion, currently under construction at the Mitsubishi Heavy Industries Shipbuilding yard in Japan.

Capex will likely be around $265-270 million, including commissioning and a comprehensive seismic equipment package, but excluding capitalized interest and post-delivery cost.

The price has been reduced, PGS adds, compared to earlier indications due to cost savings and re-use of available seismic equipment. Half is payable on delivery.

During 4Q 2015, PGS entered into charter agreements with Sanco Shipping for the modern high capacity 3D vessels Sanco Swift and Sanco Sword with delivery in 1Q 2016.

The Sanco Swift was rigged and began operating in April. The Sanco Sword was due to be rigged simultaneously to coincide with cold-stacking of the Ramform Vanguard during the second half of this year. However, rigging has now been postponed with the Ramform Vanguard warm-stacked over the winter season.


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


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...