Norwegian seismic player PGS has been awarded two new contracts offshore Indonesia and Australia.

The contract in Indonesia is for a 3D exploration acquisition for an undisclosed energy major， while in Australia， PGS bagged a contract from an international energy firm for a 4D acquisition campaign. The value of the contracts has not been disclosed.

The 2008-built seismic vessel Ramform Sovereign will mobilize to Indonesia in mid-October and is expected to complete the survey by mid-December. The same vessel will execute the contract in Australia and complete the 4D acquisition towards the end of February 2023.

“The seismic acquisition market in Asia-Pacific has been slower than in the Atlantic basins， so it is encouraging to experience increasing demand in the region， and we have good leads for additional work beyond the campaign we have already secured，” said Rune Olav Pedersen， president and CEO of PGS.

The Oslo-based PGS returned to profit in the second quarter of 2022， booking $18.7m on revenues of $273.6m – the second highest quarterly revenues since Q4 2014.