Round 6 to boost PGS sales by US$15mn

- Tuesday, August 24, 2004

Round 6 to boost PGS sales by US$15mn

Norwegian oilfield services company Petroleum Geo-Services (PGS) expects its revenues to increase by US$15mn in the fourth quarter because of the acreage its clients won in Brazil's sixth round of hydrocarbons licensing earlier this month, PGS said in a statement.

Sales in Brazil were US$7.5mn in the first half of the year and are expected to exceed US$24mn in the full year.

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