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PGS has the option to acquire the vessel after the end of year 5 and 8, and has an option for a 5-year extension.
PGS is a focused Marine geophysical company that provides a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation. PGS is listed on the Oslo Stock Exchange.
The transaction forms part of OMP’s strategy to become a leading financing provider to the offshore oil and gas industry. OMP provides asset financing solutions, including structured credit and sale and leaseback.