Wärtsilä is the primary service supplier for the PGS Geophysical AS seismic fleet under terms of a three-year contract signed in December. The contract was announced in February 2017.
The agreement includes an option for two extra years and covers maintenance of engines and propulsion systems aboard eight PGS vessels. In Phase 1 of the contract, Wärtsilä will optimize operations and maintenance of the engines it has built, with the intention of cutting costs through the life cycle of the vessels.
Oslo-based PGS’ seismic vessels are used to map and analyze the subsurface ocean floor for oil and gas exploration around the world.
In Phase 2 the two companies will work to identify efficiencies that can be achieved through Wärtsilä’s digital solutions to diminish downtime and minimize risk and costs.
“We are very proud to announce this new cooperation that makes Wärtsilä the preferred partner for PGS,” Hans Petter Nesse, director of Wärtsilä’s service unit Norway, said in a statement. “Ensuring the availability and reliability of a large, globally operating fleet requires a wide service network, which we are able to offer. With Wärtsilä’s advisory service and support, PGS is able to concentrate on what they specialize in—offering seismic services for their customers.”
PGS provides 3-D images to find oil and gas reserves. The company provides a broad range of seismic, electromagnetic and reservoir services, including acquisition, imaging, interpretation and field evaluation.
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