This is PGS | PGS

Oil and gas companies use PGS data for both exploration and production. In the exploration phase, seismic data is used to investigate regional geology and to locate reservoirs and spot traps during the search for new reserves. Later, in the production phase, accurate data with reliable attributes is necessary to plan the interventions required to produce efficiently from existing reservoirs over the life of a field. 

PGS activities are organized into three business areas.

• Sales & Marketing promotes and sells seismic services including tailored acquisition contracts, MultiClient library data, and imaging services 
• New Ventures designs and markets new MultiClient projects and manages strategic projects
• Operations & Technology plans, manages and executes all our acquisition projects, and develops new technology solutions

Our Business

PGS is a leading, international, marine geophysical company. Our business is technology driven and we provide a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation.

The PGS data library is among the largest and most modern in the industry. Around 60% of the 2D data and 44% of all 3D data in our library has been acquired with multisensor GeoStreamer® technology. That proportion is growing. 

PGS is the industry's most experienced provider of multisensor broadband data. Worldwide our teams have acquired and processed around 650 000 sq. km of GeoStreamer broadband data.  

PGS operates three larger sales and imaging hubs in Europe and North America, and has local offices in 13 countries. The PGS headquarters is in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS).

• Explore our data library 
• Discover our MultiClient products
• Contact us in your region for more information 

Worldwide Locations

PGS is headquartered in Oslo, Norway and has offices in 13 countries around the world. We have regional centers in London and Houston.

• Contact numbers for PGS worldwide
• Contact Investor Relations
• Subscribe to PGS News
  
  

Key Figures

Segment Revenues by Business Activity

Key Financial Figures

In USD million	2018	2017	2016	2015
Profit and loss numbers Segment Reporting
Segment Revenues	834.5	838.8	764.3	961.9
Segment EBITDA	515.9	374.1	313.3	484.4
Segment EBIT ex. impairment charges and other charges, net	36.3	(147.1)	(137.5)	15.8
Other key numbers As Reported
Net cash provided by operating activities	445.9	281.8	320.9	487.9
Capital expenditures (whether paid or not)	42.5	154.5	208.6	165.7
Cash investment in MultiClient library	277.1	213.4	201.0	303.3
Total assets	2384.8	2482.8	2817.0	2914.1
MultiClient library	654.6	512.3	647.7	695.0
Cash and cash equivalents	74.5	47.3	61.7	81.6
Shareholders equity	721.8	879.5	1359.4	1 463.7
Net interest bearing debt	1112.8	1139.4	1029.7	994.2

Vessel Fleet

Our active fleet is the youngest in the industry and consists of eight 3D seismic vessels (six in the low season). This lines up our newest ultra-high capacity Ramforms both Titan-class and S-class, along with the modern, efficient conventional-hulled ships on charter. Additional cold-stacked capacity comprises five older Ramform vessels, plus one conventional ship. These resources can be reactivated when required.

HSEQ Figures

Good HSEQ management is at the heart of how we run our business. This is not just about doing the right things, it is about evolving a team that thinks the right way and then does the right things. That requires clear leadership, a strong culture that includes everyone involved, and commitment from the boardroom to the back deck.

People

Our focus is to empower our lean, project-driven organization to fulfill our strategic ambitions without compromising our core values. We strive to ensure decent work, and continuously improve working conditions for our employees and contractors.

*Performance reviews for 2018 will be finalized and reported during the second quarter of 2019.