PGS ASA: Awarded 4D Contract in GoM

January 31, 2022: Oslo, Norway, PGS is awarded a 4D contract in the Gulf of Mexico. A Ramform Titan-class vessel is scheduled to commence acquisition late February and complete late March.

"We are very pleased with this 4D contract award in the US Gulf of Mexico, which historically has been a MultiClient market. With our Ramform acquisition platform and superior multi-sensor GeoStreamer technology we will provide the client with high-quality 4D seismic data,” says President & CEO in PGS, Rune Olav Pedersen.

PGS ASA and its subsidiaries ("PGS” or "the Company”) is an integrated marine geophysics company, which operates world-wide. The Company supports the energy industry, including oil and gas, offshore renewables and carbon storage. PGS’ headquarters is in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS). For more information about PGS visit www.pgs.com.

The information included herein contains certain forward-looking statements that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future. These statements are based on various assumptions made by the Company, which are beyond its control and are subject to certain additional risks and uncertainties. The Company is subject to a large number of risk factors including but not limited to the demand for seismic services, the demand for data from our multi-client data library, the attractiveness of our technology, unpredictable changes in governmental regulations affecting our markets and extreme weather conditions. For a further description of other relevant risk factors we refer to our Annual Report for 2020. As a result of these and other risk factors, actual events and our actual results may differ materially from those indicated in or implied by such forward-looking statements. The reservation is also made that inaccuracies or mistakes may occur in the information given above about current status of the Company or its business. Any reliance on the information above is at the risk of the reader, and PGS disclaims any and all liability in this respect.

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