PGS Vessel Activity Drops Slightly

Norwegian seismic player, Petroleum Geo-Services (PGS), has seen a slight drop in vessel activity in the first quarter of 2017.

In the Q1, the vessel utilization on the contracted basis was 53 percent compared to 68 percent in the corresponding period in 2016.

On the multi-client seismic basis, the company has seen a drop in vessel utilization of 1 percent, standing at 21 percent, compared to 22 percent in Q1 2016.

The company included the warm stacked vessel Ramform Vanguard in the statistics.

The percentage of the stacked/standby vessels was 11 percent in Q1 compared to 0 percent in Q1 2016.

During the quarter the company has taken delivery of Ramform Hyperion vessel, which will be included in Q2 vessel utilization statistics.

Share this article

Follow Subsea World News

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

Oil & Gas Indonesia 2017

Oil & Gas Indonesia (OGI) is an exhibition focused on Oil and Gas Exploration, Production and Refining and showcases the largest exhibition…

read more >

IADC World Drilling 2017 Conference & Exhibition

This event showcases products like Cutting edge, drilling technology, well control, health, safety, environment, training and environment industry…

read more >

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! It is also;…

read more >

SPE Offshore Europe 2017

Attending SPE Offshore Europe, recognised by offshore E&P professionals as Europe’s leading E&P exhibition and conference, will ensure…

read more >