Global Geo Services ASA (GGS) has won a two- to three-month contract for its new seismic vessel, GGS Atlantic, to carry out a seismic contract for an international oil company. The work should be performed during the third quarter of this year, and the contract is valued at more than US$7 million.
The GGS Atlantic is expected to start its first project shortly by collecting multi-client data
west of Florida in the Gulf of Mexico. The new contract is in line with the expressed strategy of
using the GGS Atlantic both in the contract market, to improve cash flow and benefit from the current good seismic market, and as a cost-effective tool for acquiring multi-client data.
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