PGS strives to be a dedicated, reliable pioneer within its industry, and these are the values that we encourage our employees around the globe to embrace in all aspects of our business. As a company, we strive to live up to our responsibilities, improve our performance and set goals and objectives that inspire us to innovate and deliver on our promises. We rely on our employees to do the same and support them in their endeavors.
Our annual Corporate Responsibility report provides an overview of actions taken towards these goals. Underlying these is the drive to remain efficient and effective. Our industry is highly competitive. Recent years have been demanding for the oil industry and the oil services segment in particular. We have learned to scrutinize every penny spent and use our resources wisely while carrying our responsibilities towards our employees and our stakeholders.
PGS has become leaner. Over the past couple of years, we have reduced headcount and sharpened our focus on the most important objectives and requirements. Our commitment to safety remains firm and our vision that all incidents can be avoided is unchanged. Strategically and operationally, PGS has strengthened its relative position to peers while keeping its integrity intact.
As the new President and CEO, I pledge to support the Company's engagement in this field. I am interested to hear your views on how we can improve our performance on responsibility.
Rune Olav Pedersen
President and CEO