1 MB - PGS
1 MB - PGS 1 MB - PGS
PGS’ Cost Effective Vessel Fleet Streamer count 1-400 401-500 501-600 Ramform Sovereign Ramform Sterling Ramform Valiant Ramform Viking Ramform Vanguard Ramform Challenger Arrow Newbuild 3 Arrow Newbuild 4 Ramform Explorer Pacific Explorer Atlantic Explorer Nordic Explorer Ocean Explorer Orient Explorer Laurentian • PGS’ fleet is well positioned to generate high margins in a strong Marine seismic market • Adding quality assets and emphasising efficiency Source: The cash cost curve is based on PGS’ internal estimates and highest number of streamer towed. The graph shows all seismic vessels in the market, both existing and new-builds. -12- Relative cost efficiency per streamer per day
Drivers of Productivity • Fleet efficiency development – Delivery of new Ramform S-class – 22 streamers, higher steaming- and acquisition speed, more fuel efficient and higher endurance than Ramform V-class – Improved foil fairing technology – reducing drag and increasing reliability – Front end depth control – improving weather window and handeling safety – Gun steering system – improving 4D quality and efficiency – Cable cleaner – reducing downtime in areas with barnacles – Source monitoring – reducing downtime of source operations – Deflector steering system – increasing speed in turns – Unmanned support vehicles – improving efficiency and safty (to be implemented in 2009) – Multitow – reducing drag and increasing survey speed (to be implemented in 2009) • Streamer acquisition efficiency – Solid streamers – very low noise and cost effective – New front stretch – less noise and less tension – GeoStreamer® – a quantum leap in quality and efficiency – Lateral streamer steering – Integrated acoustic positioning -13-
- Page 1 and 2: Petroleum Geo-Services ASA Petroleu
- Page 3 and 4: Financial Summary Revenues Adjusted
- Page 5 and 6: The World’s Most Advanced Seismic
- Page 7 and 8: Demand for Energy Will Increase Oil
- Page 9 and 10: Continued High Order Backlog for PG
- Page 11: Largest Ever HD4D Campaign Ideally
- Page 15 and 16: Technology Challenges- Exploration
- Page 17 and 18: Technology Challenges- Exploration
- Page 19 and 20: Towed EM: Potential Revolution in E
- Page 21 and 22: PGS Value Drivers • Productivity
<strong>PGS</strong>’ Cost Effective Vessel Fleet<br />
Streamer count<br />
1-400<br />
401-500 501-600<br />
Ramform Sovereign<br />
Ramform Sterling<br />
Ramform Valiant<br />
Ramform Viking<br />
Ramform Vanguard<br />
Ramform Challenger<br />
Arrow Newbuild 3<br />
Arrow Newbuild 4<br />
Ramform Explorer<br />
Pacific Explorer<br />
Atlantic Explorer<br />
Nordic Explorer<br />
Ocean Explorer<br />
Orient Explorer<br />
Laurentian<br />
• <strong>PGS</strong>’ fleet is well positioned to generate high margins in a strong Marine<br />
seismic market<br />
• Adding quality assets and emphasising efficiency<br />
Source: The cash cost curve is based on <strong>PGS</strong>’ internal estimates and highest number of streamer towed. The graph shows all seismic vessels in<br />
the market, both existing and new-builds.<br />
-12-<br />
Relative cost efficiency per streamer per day
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