Norwegian geophysical giant PGS is feeling good about the prospects for the global marine seismic market thanks to improved spending by the oil and gas exploration and production sector.
The Oslo-based company is one of the world's dominant seismic companies, particularly strong in 3D marine acquisition and processing, and multi-client surveys, plus a range of other services.
The company’s order book in 2022 increased 74% to reach its highest level since the second half of 2014. Most of PGS’ vessel capacity is booked until the third quarter next year, and there is high ongoing bidding activity.
