New Collaborations and Opportunities

Dear PGS shareholder

In today’s world, corporate responsibility is as essential to business success as financial performance. In PGS we act responsibly because it is the right thing to do and it motivates our employees, investors and customers. This report documents how PGS performed against its responsibility goals in 2019 and the way forward for 2020.

PGS has embarked on a digital transformation that is deepening our understanding of business fundamentals and opening new avenues for collaboration that will create fresh commercial opportunities. Our mission is to support the energy industry with the right data at the right time.

Our industry has an important role in building a secure future for our planet and supplying reliable sources of energy during a sustainable transition to greener energy. Energy security is vital for geopolitical stability, global wealth and social welfare. In a year where climate change has taken center stage, the real story is about providing sustainable sources of energy to a growing population and doing that in a sustainable way which respects the planet. PGS strives to do its part in supplying that energy and respecting the people with whom we cooperate, and on whom we depend.

Rune Olav Pedersen
President and CEO