Petroleum Geo-Services (PGS)

Description

Petroleum Geo-Services (PGS) is a leading worldwide geophysical company. PGS provides an extensive range of seismic services and products for the petroleum industry including data acquisition, processing, reservoir analysis and interpretation. The company also possesses the world's most extensive multi-client data library.

Since the start of the company in 1991, PGS has pioneered the development of multi-streamer marine seismic acquisition, producing increasingly efficient, high-quality 3D seismic data for the industry. The company has also introduced high-density 3D seismic (HD3D) in all environments and developed in-house expertise in geology, geophysics, and reservoir analysis. PGS also provides onshore seismic services where the company has a reputation for using the latest equipment in challenging environments and has an enviable program of sustainable development. The data processing capabilities of PGS have grown substantially from originally processing PGS data to a major player in a high technology industry.

With its headquarters in Oslo, Norway, the company has offices in 22 different countries with larger regional offices in London, Houston and Singapore. The company is listed on the Oslo stock exchange.


Latest Petroleum Geo-Services (PGS) News

Petroleum Geo-Services ASA announces second quarter and first half 2014 results

Highlights Q2 2014 Revenues of $337.0 million, compared to $381.7 million in Q2 2013 EBITDA of $170.6 million, compared to $209.6 million in Q2 2013 EBIT, excluding impairments, of $55.3 million, compared to $110.6 million in Q2 2013 Group EBIT margin, excluding impairments, of 16%, compared to... Thursday, July 24, 2014

TGS increases investment offshore Eastern Canada

TGS announces the expansion of multi-client 2D surveys offshore Eastern Canada with plans to acquire more than 30,000 km of seismic data, in partnership with PGS, utilizing two vessels during the 2014 acquisition season. The M/V Sanco Spirit, utilizing the PGS GeoStreamer® technology, will acqu... Wednesday, May 7, 2014

Statoil announces contract awards for Barents seismic

Statoil today announced that a consortium of 33 oil firms has awarded contracts to PGS and WesternGeco to acquire seismic data in the southeastern Barents Sea. The surveys cover blocks proposed for the 23rd concession round by the Norwegian Ministry of Petroleum and Energy (MPE) and will in total c... Tuesday, March 11, 2014

PGS announces Export Credit Financing for the two last Ramform Titan-class vessels established

Petroleum Geo-Services ASA announced that it has established Export Credit Financing for the two (third and fourth of a series of four) Ramform Titan-class vessels scheduled for 2015 delivery. PGS has through a wholly owned subsidiary signed two loan agreements for together $305 million to finance ... Tuesday, March 11, 2014

PGS names its second Ramform Titan-class vessel

The second vessel in the Ramform Titan class, the Ramform Atlas was celebrated in a naming ceremony in Nagasaki, Japan Friday. To Petroleum Geo-Services ASA ("PGS"), safety, efficiency and productivity are the most important features of the new, 24-streamer vessel. The ceremony took place ... Monday, January 27, 2014

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