Petroleum Geo-Services

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  2. Companies listed on the Oslo Stock Exchange
  3. Companies established in 1991
  4. Oil companies of Norway
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Petroleum Geo-Services ASA
Type Allmennaksjeselskap
Traded as OSE: PGS
Industry Petroleum
Founded 1991
Headquarters Lysaker, Norway
Area served Global
Key people Francis Gugen (Chairman), Jon Erik Reinhardsen (President and CEO)
Products Geophysical services
Revenue US $1.135 billion (2010)[1]
Operating income US $57.8 million (2010)[1]
Profit decrease (US $7.6 million) (2010)[1]
Total assets US $3.002 billion (end 2010)[1]
Total equity US $1.722 billion (end 2010)[1]
Employees 2,090 (average, 2010)[1]
Website www.pgs.com

Petroleum Geo-Services ASA, an oilfield service company, provides geophysical services worldwide. The company provides various seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The floating production unit was demerged in 2006 and listed as a Petrojarl ASA on Oslo Stock Exchange. The company is headquartered in Lysaker, Norway; there are also major offices in Houston, Texas, US; Weybridge, UK and Perth, Australia.

Petroleum Geo-Services (PGS) was founded in 1991, to focus on the production of high grade seismic data for oil companies.

File:PGS Ramform Victory.jpg
PGS seismic vessel 'Ramform Victory'.

PGS operates in two primary business areas - seismic and production - through three operating units: Marine Geophysical, Onshore Geophysical, and Production. In addition, a Reservoir business unit provides reservoir expertise.

The PGS group employs approximately 2,800 people and has offices and operations in more than 20 countries worldwide, its revenues for 2006 were approximately 1.3 billion USD.

File:PGS HQ 1.jpg
The headquarters at Lysaker.

The chairman of the Board of Directors is Francis Gugen; board members are Harald Norvik, Holly Van Deursen, Daniel J. Piette, Annette Malm Justad, Carol Bell and Ingar Skaug.

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Annual Report 2010". Petroleum Geo-Services. http://www.pgs.com/pageFolders/40374/PGS%202010%20Annual%20Report.pdf. Retrieved 17 April 2011.

External links

22x20px OBX companies of Norway

Coordinates: 59°54′44.80″N 10°38′23.71″E / 59.912444°N 10.6399194°E / 59.912444; 10.6399194{{#coordinates:59|54|44.80|N|10|38|23.71|E|type:landmark |primary |name= }}


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