IMAGE 2025: PXGEO wins two-year geophysical contract from Malaysia Petroleum Management
PXGEO reported Aug. 25 that it has secured its first contract in Malaysia to deliver offshore seismic data acquisition services under a two-year agreement.
The contract includes a minimum commitment of 365 days of acquisition activity over the contract term utilizing the PXGEO 2 seismic vessel, which will mobilize this month (August).
PXGEO says the campaign will play a key role in supporting Malaysia’s drive to unlock new hydrocarbon resources and accelerate upstream exploration aligning with the Malaysia Petroleum Management’s aspirations.
Malaysia Petroleum Management is the governing body for Petronas’ petroleum resources development campaigns and oversees the entire lifecycle of the country’s upstream oil and gas assets.
PXGEO says about 50 of its multi-disciplined personnel will support the scope of the project, delivering multiple surveys using 2D and 3D towed streamer technology, with the flexibility to incorporate ocean bottom node solutions if required.