Petroleum Geo-Services
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| Petroleum Geo-Services ASA | |
 |
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| Type of Company | Public |
|---|---|
| Founded | 1991 |
| Headquarters | Lysaker, Norway |
| Key people | Svein Rennemo (CEO) |
| Area served | Global |
| Industry | Petroleum |
| Products | Geophysical services |
| Revenue |  USD 1,196 million (2005) |
| Operating income | USD 335 million (2005) |
| Net income | USD 112 million (2005) |
| Employees | 2,800 |
| Website | http://www.pgs.com |
Petroleum Geo-Services ASA (OSE: PGS, NYSE: PGS), an oilfield service company, provides geophysical services worldwide and floating production services in the North Sea. The company provides various seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. As of July 28, 2005, it owned and operated four floating production, storage, and offloading units. The company is headquartered in Lysaker, Norway; there are also major offices in Houston, Texas, US; Walton-on-Thames, 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.
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. the revenues for 2005 were approximately 1.2 billion USD.
[edit] External links
Acergy • Aker Kværner • DnB NOR • DNO • FAST Search & Transfer • Fred. Olsen Energy • Frontline • Norske Skog • Norsk Hydro • Orkla •
Pan Fish • Petroleum Geo-Services • Prosafe • SeaDrill • Royal Caribbean Cruise Lines • Statoil • Stolt-Nielsen • Storebrand • Subsea 7 •
Tandberg • Tandberg Television • Telenor • TGS-NOPEC • Tomra • Yara
See also: Companies listed on the Oslo Stock Exchange
