Brief: Pgs Sees 2023 Multiclient Cash Investments To Be $180 Mln

PGS ASA

20/07/2023 07:17

July 20 (Reuters) - PGS ASA  PGS.OL :
    * 2023 OUTLOOK: SEES MULTICLIENT CASH INVESTMENTS TO BE 180 
MILLION VERSUS EARLIER VIEW: ABOUT $160 MILLION
    * PGS EXPECTS GLOBAL ENERGY CONSUMPTION TO CONTINUE TO
INCREASE
OVER LONGER TERM
    * STRONG ACQUISITION REVENUES ARE ACHIEVED DESPITE WEATHER
RELATED
CHALLENGES
    * AND WE CONTINUE TO DELIVER IMPROVING RATES AND MARGINS ON
OUR
CONTRACT WORK
    * WE EXPECT CONTRACT BIDDING ACTIVITY TO INCREASE DRIVEN BY
HIGHEST VOLUME OF SALES LEADS SINCE DECEMBER 2014
    * WE ACHIEVED A MULTICLIENT PRE-FUNDING LEVEL OF 127% OF
CAPITALIZED CASH COST IN QUARTER

Source text for Eikon:  ID:nGNE8rPnWS 
Further company coverage:  PGS.OL 

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