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https://www.globenewswire.com/news-release/2022/06/01/2453824/0/en/PGS-ASA-Q2-2022-MultiClient-Sales-Update.html
PGS ASA: Q2 2022 MultiClient Sales Update
June 01, 2022 02:00 ET| Source: PGS ASA
June 1, 2022, Oslo, Norway: Based on information currently available, PGS expects to report MultiClient late sales revenues in excess of $100 million in Q2 2022. MultiClient pre-funding revenues, according to IFRS 15 measurement, are expected to be between $80 million and $100 million in Q2 2022.
Reference is made to the statement in PGS Q1 2022 Earnings Presentation that the Company expected significant transfer fees in Q2/Q3 2022. A majority of these transfer fees will be recorded in Q2.
“We continue to see an improvement of the marine seismic market in 2022. Significant lates sales, including high transfer fees, is a confirmation that the PGS MultiClient library is highly attractive to our customers and that investments in exploration seismic is again increasing”, says President and CEO in PGS, Rune Olav Pedersen
PGS ASA: Q2 2022 MultiClient Sales Update
June 01, 2022 02:00 ET| Source: PGS ASA
June 1, 2022, Oslo, Norway: Based on information currently available, PGS expects to report MultiClient late sales revenues in excess of $100 million in Q2 2022. MultiClient pre-funding revenues, according to IFRS 15 measurement, are expected to be between $80 million and $100 million in Q2 2022.
Reference is made to the statement in PGS Q1 2022 Earnings Presentation that the Company expected significant transfer fees in Q2/Q3 2022. A majority of these transfer fees will be recorded in Q2.
“We continue to see an improvement of the marine seismic market in 2022. Significant lates sales, including high transfer fees, is a confirmation that the PGS MultiClient library is highly attractive to our customers and that investments in exploration seismic is again increasing”, says President and CEO in PGS, Rune Olav Pedersen