Annual Report 2011 - PGS

Operations
Operations
HSEQ performance delivers cost effective operations
State-of-the-art fleet
PGS has shown
an improving HSEQ
performance over the last
years and Operations aims
at improving the results
even further
Building Competitive
Advantages
PGS’ Operations business unit supports
Marine Contract and MultiClient with reliable
and efficient production capacity. Efficient
operation of sophisticated systems enhances
customer satisfaction and PGS’ profitability.
Health, Safety, Environment and Quality (HSEQ)
performance is important for safe and efficient
operations of seismic vessels. Operations
aims at improving PGS’ HSEQ results, in
particular the lost time injury incidents, where
the Company experienced an increase in
2011. PGS’ HSEQ management systems set
the framework for high quality product and
service by continuous risk assessment of all
operations, job tasks, processes and systems.
These systems have undergone a thorough
review by DNV this year in conjunction with
the OHSAS 18001 certification process. During
this process the systems and implementation
of the systems offshore and in the office were
reviewed.
Training and continuous development of
employees are important to maintain skilled
and motivated staff. Automation of work
processes by new vessel and equipment design
contributes to improved efficiency and reduced
risk for personnel injuries. The overall Lost Time
Incident Frequency (LTIF) for vessel operations
increased to 1.29 per million man-hours in
2011 compared to 0.89 in 2010, while PGS
experienced a decrease in the Total Recordable
Case Frequency (TRCF) to 2.06 per million manhours
compared to 2.80 in 2010. PGS also has a
high environmental focus and strong awareness
of Corporate Social Responsibility at all levels.
The Ramform Advantage
PGS is recognized throughout the industry
for its unique Ramform vessels. The seismic
vessels have a delta-shaped hull that is
distinguished by an extremely wide aft beam,
twice the width of a conventional vessel.
The broad aft workspace allows for efficient
deployment and retrieval of streamers and
seismic sources. The Ramform’s propulsion
power is also industry leading. The
Ramform S-class has enough thrust to tow a
1.4-kilometer wide spread of streamers more
than eight kilometers long. The acknowledged
efficiency and productivity benefits of PGS
Ramform vessels, along with the effectiveness
of PGS’ personnel, make the PGS fleet industry
leading.
In 2011, PGS’ Marine streamer fleet consisted of:
JJ
Seven Ramform vessels, capable of towing
up to 22 streamers each
JJ
One vessel in the medium-capacity segment,
capable of towing 10 streamers
JJ
Three classic streamer vessels, capable of
towing up to eight streamers
JJ
Two 2D/source vessels.
The Nordic Explorer, one of the three classic
streamer vessels, was converted from 3D to 2D
in December 2011. The Nordic Explorer replaced
the Harrier Explorer as a 2D/source vessel;
the latter was returned to its owner when the
vessel’s charter expired in September 2011.
Continuous Focus on Reducing Technical
Downtime — Best-in-Class Performance
Technical downtime as a percentage of total
fleet time has dropped sharply from roughly
14 percent in 1992 to about 3.5 percent in
2011. Similarly, performance increased from
approximately 80 percent in 1997 to 91 percent
28 PGS Annual Report 2011