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PGS PGS ASA News Story

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Brief: PGS Wins Petrobras 4D Contract in Brazil

Dec 22 (Reuters) - PGS Awarded Petrobras 4D Contract.
* Significant 4D production contract by Petrobras over the Barracuda-Caratinga
field in the Campos basin offshore Brazil
* Contract awards with a value of more than $10 million, and MultiClient
projects with a duration of more than 2 months
* Mobilization scheduled to start in Q2 2023
* Acquisition expected to complete early 2024
* Our visibility for 2023 is improving with increasing rates-CEO of PGS
* We will most likely use the Ramform Victory to acquire the
Barracuda-Caratinga 4D survey-CEO of PGS

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