Petroleum Geo-Services ASA: Vessel allocation Q4 2017
Thursday, Jan 04, 2018
Oslo, Norway, PGS routinely releases information about 3D vessel utilization after the end of each quarter.

The Q4 2017 vessel statistics includes eight vessels for the full quarter, as well as Ramform Vanguard for one month before it was cold-stacked. The high share of Stacked/Standby is primarily due to winter warm-stacking* of two vessels, in accordance with PGS' current vessel operation plan. All cold-stacked* vessels are excluded from the statistics from the time of stacking.

PGS will release its Q4 and preliminary full year 2017 results on Thursday February 1, 2018, at approximately 07:00 am Central European Time (CET). A corresponding presentation is scheduled for 09:00 am CET the same day.

Petroleum Geo-Services is a focused marine geophysical company providing a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The Company's MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. PGS operates on a worldwide basis with headquarters at Lilleaker, Oslo, Norway.

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