Offshore staff
STAVANGER, Norway – Equinor has awarded framework agreements to PGS and Shearwater GeoServices for 4D towed streamer seismic acquisition on the Norwegian continental shelf (NCS).
The two-year deals, with extension options, can potentially also cover UK offshore 4D surveys. Their combined value is around NOK700 million ($82.54 million).
Peggy Krantz-Underland, Equinor’s chief procurement officer, said: “This is a new way of working with seismic suppliers.
“We are moving away from annual tenders towards a more long-term collaboration model. This will ensure improved predictability and more sustainable rates for suppliers in the seismic industry that is traditionally exposed to significant cyclicality.”
Charlotte Bøe Tjølsen, vice president Petroleum Technology Operations, added: “4D seismic gives us better data to map remaining oil and gas resources as the reservoirs are being produced.
“These contracts will help us optimize the reservoir drainage and place new wells, and thereby achieve our ambition of recovering 60% of oil and 85% of gas on the NCS.”
PGS has also secured a framework agreement for 4D seismic services at the Gullfaks field in the North Sea, involving an exclusive right to acquire up to three surveys prior to 2031.
Shearwater will initially perform a one-month survey over the Heidrun field (this spring), using one of its Isometrix vessels.
PGS’ office in Oslo and Shearwater’s offices in Bergen and Gatwick will support offshore operations.
03/10/2021
