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.

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Headquarters Norway

Address Lilleakerveien 4c, Oslo, 0283


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* $764.5M

Net Profit Margin (2022) XYZ 49.5% (2022 vs 2021)

* As of and is in US$
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PGS ASA premium industry data and analytics

3

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for PGS ASA (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on PGS ASA’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Services Brands
Data Acquisition GeoStreamer
Geophysical Services HD3D
Multi-client Library Data
XYZ
XYZ
XYZ
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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.
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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
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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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