PGS has secured a contract from Petrobras to conduct a 4D seismic acquisition survey over two Brazilian offshore fields.

The contract will involve surveying the Roncador and Albacora Leste fields, both located in the Campos basin.

The survey is scheduled to begin in the second quarter of 2022 and is expected to be completed by the third quarter of the same year.

A Ramform-class vessel will be used for the survey works.

PGS president and CEO Rune Olav Pedersen said: “We are very pleased to provide this significant 4D survey for Petrobras in the prolific Campos basin. We have acquired several 4D surveys offshore Brazil and gained significant operational experience.

“We appreciate Petrobras’ recognition of our Ramform-vessel acquisition platform and our GeoStreamer technology, which are well suited for large, high-quality 4D acquisition programmes.”

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By GlobalData

Headquartered in Norway, PGS, along with its subsidiaries, operates as an integrated marine geophysics company supporting oil and gas, offshore renewables, carbon capture, and storage operations. It has offices in 14 countries.

Last month, Petrobras announced plans to invest $68bn to boost oil production in the subsea pre-salt area. The Brazilian state-owned firm will make this investment over the five-year period from 2022 to 2026.

This represents a significant increase from the previously announced investment of $55bn for the 2020-2025 period.

Recently, Petrobras awarded a subsea contract to Saipem for the Búzios 7 project offshore Brazil. The contract has a value of approximately $940m.