NYK Enters Geophysical Survey Market

Credit: PGS
Credit: PGS

By The Maritime Executive 04-01-2019 08:10:43

NYK has entered the geophysical survey market through it joint ownership of Ocean Geo-Frontier (OGF).

OGF has signed an agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) for geophysical surveys in the sea areas around Japan. NYK teamed up with Hitachi and PGS Geophysical for the tender. 

PGS finalized the sale of seismic vessel Ramform Sterling to JOGMEC in January. OGF will use JOGMEC’s vessel for geophysical data acquisition as part of the agreement, which will continue for up to 10 years through annual renewals.

In 2018, Japan’s Cabinet Office approved the Third Basic Plan on Ocean Policy for the development of domestic resources, and NYK sees demand for survey services for new oil and gas fields.

This year, NYK celebrates its 134th year of business. The company has flexibly adjusted its business for diversity and globalization, and there are 897 NYK affiliated companies around the world.

Ramform Sterling

Year of Built: 2009
Length Overall: 102.2 meters (335 feet)
Breadth: 40 meters (131 feet)
Draft: 7.4 meters (24 feet)
Gross Tonnage: 13,721 tons
Crew Capacity: 70
Maximum Speed: 18 knots