Round 6 to boost PGS sales by US$15mn

Tuesday, August 24, 2004

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.

Start your 15 day free trial now!


Already a subscriber? Please, login