Seismic Business Link-up: Mitcham's Seamap & PGS

Press Release
Wednesday, June 12, 2013

Mitcham Industries' marine equipment manufacturing unit, Seamap, has signed a manufacturing agreement with a subsidiary of Petroleum Geo-Services (PGS).

Over the past several months, Seamap and PGS have collaborated to develop PGS SourceLink, a customized and proprietary marine energy source controller based on Seamap's GunLink 4000 system.  Under the terms of the arrangement, Seamap will manufacture and sell the PGS SourceLink systems to PGS, as requested.

Guy Malden, Executive Vice President of Marine Systems of Mitcham Industries, stated, "We are delighted to have established this new relationship with one of the leaders in the marine seismic business. This is an important expansion of Seamap's market, and we anticipate that over time PGS SourceLink will be deployed on the majority of PGS' fleet of seismic vessels. We look forward to continuing and expanding our relationship with PGS for years to come."

PGS' fleet consists of 13 seismic vessels, with three additional Titan Class Ramforms scheduled for delivery by the end of 2015. The Titan Class vessels are each capable of towing up to 24 marine seismic streamers.

Mitcham Industries, Inc., a geophysical equipment supplier, offers for lease or sale, new and "experienced" seismic equipment to the oil and gas industry, seismic contractors, environmental agencies, government agencies and universities. Headquartered in Texas, with sales and services offices in Calgary, Canada; Brisbane, Australia; Singapore; Ufa, Bashkortostan, Russia; Budapest, Hungary; Lima, Peru; Bogota, Colombia and the United Kingdom, Mitcham conducts operations on a global scale and is the largest independent exploration equipment lessor in the industry. Through its Seamap business, Mitcham designs, manufactures and sells specialized seismic marine equipment.

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