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Petroleum Geo-Services facts for kids

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PGS
Allmennaksjeselskap
Traded as OSE: PGS
Industry Petroleum
Founded 1991
Headquarters Lilleakerveien, Norway
Area served
Global
Key people
Walter Qvam (Chairman), Rune Olav Pedersen (President and CEO)
Products Geophysical services
Revenue Decrease USD 590.0 million USD (2021)
Increase USD (179.4) Million USD (2021)
Total assets Decrease USD 1,792.8 Million USD (2021)
Total equity Decrease USD 245.1 Million USD (2021)
Number of employees
Decrease 1800 (2016)

PGS (Petroleum Geo-Services) is a technologically focused oilfield service company involved in providing geophysical services worldwide. Its seismic service offerings help oil companies find oil and gas reserves offshore. Product offerings span from survey planning and data acquisition, through advanced imaging, to reservoir analysis and interpretation.

PGS was founded in Norway in 1991. The company currently has:

  • 8 offshore seismic vessels (6 active in winter season)
  • 1 processing and imaging megacenters
  • 3 main offices Oslo, London and Houston, plus a network of local offices employing around 60 nationalities

PGS has a presence in over 10 countries with headquarters in Oslo, Norway. The company was headquartered at Lysaker until 2013 when it moved to nearby Lilleaker. PGS shares are listed on the Oslo Stock Exchange (OSE:PGS).

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