PGS ASA - Company Profile
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PGS ASA (PGS), is a marine geophysical company. PGS provides a wide range of seismic and reservoir services including data acquisition, imaging, interpretation, and field evaluation. It’s MultiClient data library provides seismic images and 3D data about the subsurface beneath the ocean floor that oil and gas companies use to find oil and gas reserves. The company acquires new MultiClient surveys by applying in-house imaging technologies. PGS operates through a network of offshore seismic vessels and offices located across the world. It has an operational presence in Europe, North America, South America, Asia-Pacific, the Middle East and Africa. PGS is headquartered in Oslo, Norway.
Headquarters
Norway
Address
Lilleakerveien 4c, Oslo, 0283
Website
www.pgs.com
Telephone
47 67 526400
No of Employees
900
Industry
Energy and Utilities
Ticker Symbol & Exchange
PGS (OSL)
Revenue (2022)
$721.5M
-12.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
55.8%
(2022 vs 2021)
Market Cap*
$768.2M
Net Profit Margin (2022)
XYZ
49.5%
(2022 vs 2021)
* As of and is in US$
PGS ASA premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Data Acquisition | GeoStreamer |
| Geophysical Services | HD3D |
| Multi-client Library Data | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company awarded a 3D project in the Mediterranean to an energy company. |
| 2024 | Regulatory Approval | In February, the company and TGS ASA secured regulatory approvals to merge. |
| 2023 | Contracts/Agreements | In November, the company was awarded a 4D acquisition contract offshore West Africa. |
Competitor Comparison
| Key Parameters | PGS ASA | CGG SA | Polarcus Ltd | ION Geophysical Corp (Inactive) | Petrolia SE |
|---|---|---|---|---|---|
| Headquarters | Norway | France | United Arab Emirates | United States of America | Cyprus |
| City | Oslo | Paris | Dubai | Houston | Limassol |
| State/Province | - | Ile-de-France | - | Texas | - |
| No. of Employees | 900 | 3,515 | 324 | 428 | 303 |
| Entity Type | Public | Public | Private | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Walter Qvam | Chairman | Executive Board | 2016 | - |
| Anne Grethe Dalane | Vice Chairman | Executive Board | 2018 | - |
| Rune Olav Pedersen | Chief Executive Officer; President | Senior Management | 2017 | 53 |
| Gottfred Langseth | Chief Financial Officer; Executive Vice President | Senior Management | 2004 | 57 |
| Kai E. Reith | Senior Vice President - Finance Manager Operations; Senior Vice President - Corporate Development | Senior Management | 2017 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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