Norwegian seismic services company Petroleum Geo-Services (PGS) has been awarded a large contract in South America.
PGS said on Wednesday that it has entered into a contract for a 3D survey in South America for an undisclosed client.
PGS plans to use two Ramform Titan-class vessels for an estimated total duration of approximately 13 vessel months.
The company also said that the acquisition is scheduled to start in the second half of November and the contract value is estimated to be in excess of $75 million.
PGS launched the Ramform Titan-class vessels fully integrated with GeoStreamer technology in 2013. Ramform Titan has 24 streamer reels, 16 abreast with a further 8 in the second row.