PXGEO, a United Arab Emirates-based marine geophysical service provider, has secured a contract to provide offshore seismic data acquisition services, marking its inaugural contract in Malaysia.
The two-year deal includes a minimum of 365 days of acquisition activity using the company’s PXGEO 2 seismic vessel, which is set to mobilise this month.
PXGEO CEO and executive chairman Charles Davison Jnr said: “This contract reflects the confidence major energy companies continue to place in our skilled people, performance and technology, further reinforcing our position as a partner of choice in high-resolution seismic acquisition.
“With a strong portfolio and growing momentum for advanced subsurface insight, we remain well positioned to support global exploration strategies.”
The contract is instrumental in supporting Malaysia’s efforts to tap into new hydrocarbon resources and accelerate upstream exploration activities, in line with the objectives of Malaysia Petroleum Management.
This development underscores PXGEO’s expanding global portfolio and its expertise in enhancing exploration and production efforts.
Approximately 50 multi-disciplined PXGEO personnel will be involved in the project, providing several surveys leveraging 2D and 3D towed streamer solutions.
If necessary, there is also the flexibility to integrate ocean bottom node solutions.
Davison Jnr said: “Winning work in a new geography with a new client is an exciting development for our business. We are proud to play a role in Malaysia’s latest exploration campaign, where reliable high-quality seismic data is essential for guiding drilling and development decisions.
“This operator’s continued investment in international expertise reflects its commitment to driving upstream efficiency and unlocking new resource potential.”
PXGEO boasts a workforce of 400 employees around the world, encompassing its Dubai headquarters and offices in Houston, Paris, Linköping, Oslo and Rio de Janeiro, in addition to a dedicated offshore workforce.
