The company said that once the agreement is finalized, it will allow the firm to fast track the evaluation of these blocks.
The six North Sea blocks are 16/8c, 3/5, 3/10c, 9/17b, 9/22b and 14/17.
The agreement is subject to final contract, joint operating agreements and UK government approval.
Rheochem CEO Haydn Gardner said that it is delighted to have PGS as a partner and believes that its proprietary seismic expertise and techniques will enhance the technical evaluation of the company’s North Sea blocks.
The company has holdings in 10 blocks in the UK sector, including a 10% stake in the Ithaca-operated Athena oil and gas field.
