April 8, 2010: In a ceremony in Vigo Spain today, PGS named its new 3D seismic vessel, the 10-streamer PGS Apollo. The vessel offers a powerful and efficient 3D platform.
PGS Apollo, equipped with 10 full length streamers and 12 streamer reels, is a purpose-built and efficient seismic ship in the medium capacity segment. The vessel will be a valuable supplement to PGS' existing high capacity Ramform fleet. With a transit speed of 18 knots, she is designed to move rapidly between jobs, cutting non-productive steaming time by several days.
Several new equipment handling features and maritime components are implemented on this ship, including the low resistance hull for increased fuel efficiency, a new source handling solution and a central location of the streamer reels. These features are specially designed for the PGS Apollo's sleek 106 by 19.2 /22 meter molded hull and deck, offering speed, safety, productivity and efficiency.
The new PGS Apollo is a powerful and fuel efficient addition to the PGS fleet. Smart design features have packed her slim lines with a power station capable of generating over 15000 KW, and the flexibility to tailor power consumption and minimize fuel use during operations.
Rune Eng, PGS Group President Marine comments," It is good to see this vessel completed, named, and ready for action. We are all looking forward to getting her quickly into production in the North Sea this spring. She offers high capacity and power on a small, fast platform and I believe she will be a highly effective addition to our fleet."
In addition to the state of the art seismic and maritime equipment, the new vessel is rigged with processing nodes, disk storage and tape drives capable of supporting full onboard seismic data processing.
The PGS Apollo will enter production, after a brief shakedown, with a 10 streamer project in the North Sea.
FOR DETAILS, CONTACT: Tore Langballe, SVP Corporate Communications Phone: +47 67 51 43 75 Mobile: +47 90 77 78 41 Bård Stenberg, Investor Relations Manager Phone: +47 67 51 43 16 Mobile: +47 99 24 52 35 US Investor Services Phone: +1 281 509 8712
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Petroleum Geo-Services is a focused geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The company also possesses the world's most extensive multi-client data library. PGS operates on a worldwide basis with headquarters at Lysaker, Norway.
For more information on Petroleum Geo-Services visit www.pgs.com.
