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Wednesday, 07 January, 2009, 21:10 GMT | more >>

TGS hampered by vessel delays



By Upstream staff 

Norwegian seismic company TGS Nopec has said it expects short delays to the operational start-up of its two new 3D vessels under contract.

After successfully starting production in West Africa in early May, the BGP Pioneer experienced engine control problems and was subsequently down for about three weeks.

Following engine repairs, the vessel encountered propeller control problems which will now require a short dry-docking to repair.

TGS expects the BGP Pioneer to mobilize for a proprietary contract project in about ten days.

Meanwhile, the Geo Barents is now not expected to be available for production in the Gulf of Mexico until the beginning of July as a result of yard delays and correction of a number of problems identified during initial sea trials.

TGS said it expects the delays to lower revenue recognition in its second quarter results.


Monday, 11 June, 2007, 07:44 GMT  | last updated: Monday, 11 June, 2007, 07:44 GMT

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