PGS speeds up GeoStreamer technology roll out

Petroleum Geo-Services (PGS) is accelerating roll out of its GeoStreamer technology earlier than originally planned.

Offshore staff

OSLO -- Petroleum Geo-Services (PGS) is accelerating roll out of its GeoStreamer technology earlier than originally planned. The company is converting half of its 3D fleet to GeoStreamer by the end of next year.

During 2010, three Ramforms will be operational with GeoStreamer. Another 3D vessel will be upgraded in 2011. The first Ramform is due for upgrade in November this year.

“The GeoStreamer will change the game in our industry,” says Jon Erik Reinhardsen, president and CEO of PGS. “In the future all towed seismic acquisition will use dual sensors. Oil is getting harder to find. For our clients it means more and better information from the reservoir.”

10/26/2009

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