PGS ASA Company PGS ASA OTC Markets
Equities
PGSVY
US69290P1084
Oil Related Services and Equipment
Business Summary
- geophysical services (59.6%): acquisition, processing and marketing non-exclusive seismic data to oil and gas companies for prospecting and developing reserves, as well as the management of production fields;
- seismic data acquisition services under exclusive contracts (36.9%);
- seismic data processing and interpretation services (3.3%). The group also offers services enabling companies to improve their knowledge of the structure and monitoring of their reserves;
- other (0.2%).
Net sales are distributed geographically as follows: Norway (22.5%), the United Kingdom (4.2%), Europe (2%), Angola (11.2%), Namibia (7.3%), Africa (7.4%), Brazil (14.8%), America (4.7%), Malaysia (10.4%), Asia-Pacific (4.6%), Egypt (10.4%) and other (0.5%).
Number of employees: 1,210
Sales per Business
| NOK in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Contract Seismic
39.4
%
| 3,235 | 40.8 % | 3,008 | 39.4 % | -7.02% |
MultiClient Pre-funding
28.8
%
| 1,341 | 16.9 % | 2,195 | 28.8 % | +63.71% |
MultiClient Late Sales
28.1
%
| 3,143 | 39.6 % | 2,145 | 28.1 % | -31.76% |
Imaging
3.5
%
| 218 | 2.8 % | 270 | 3.5 % | +23.43% |
Other
0.1
%
| - | - | 8 | 0.1 % | - |
Sales per region
| NOK in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Norway
23.6
%
| 1,313 | 16.5 % | 1,798 | 23.6 % | +36.92% |
Angola
12.0
%
| 909 | 11.5 % | 912 | 12.0 % | +0.34% |
Brazil
10.8
%
| 1,041 | 13.1 % | 821 | 10.8 % | -21.10% |
Egypt
9.4
%
| 287 | 3.6 % | 718 | 9.4 % | +150.35% |
Malaysia
8.0
%
| - | - | 611 | 8.0 % | - |
Namibia
7.8
%
| - | - | 595 | 7.8 % | - |
Africa
5.6
%
| 439 | 5.5 % | 425 | 5.6 % | -3.14% |
Americas
5.0
%
| 1,029 | 13.0 % | 379 | 5.0 % | -63.14% |
Asia/Pacific
4.9
%
| 996 | 12.5 % | 377 | 4.9 % | -62.10% |
United Kingdom
4.6
%
| 418 | 5.3 % | 353 | 4.6 % | -15.64% |
Nigeria
4.3
%
| - | - | 325 | 4.3 % | - |
Canada
1.5
%
| 664 | 8.4 % | 117 | 1.5 % | -82.32% |
South Africa
0.9
%
| - | - | 70 | 0.9 % | - |
Middle East/Other
0.4
%
| 278 | 3.5 % | 32 | 0.4 % | -88.59% |
Netherlands
0.4
%
| - | - | 30 | 0.4 % | - |
Greece
0.4
%
| 241 | 3.0 % | 29 | 0.4 % | -88.18% |
Cyprus
0.4
%
| 312 | 3.9 % | 29 | 0.4 % | -90.84% |
Ukraine
0.1
%
| 11 | 0.1 % | 6 | 0.1 % | -40.07% |
Managers
| Managers | Title | Age | Since |
|---|---|---|---|
| Chief Executive Officer | 54 | 10-09-30 | |
| Director of Finance/CFO | 58 | 03-10-31 | |
Erik Ewig
CTO | Chief Tech/Sci/R&D Officer | - | 17-12-31 |
Rob Adams
COO | Chief Operating Officer | 48 | 97-12-31 |
Berit Osnes
PRN | Corporate Officer/Principal | 60 | - |
Bård Stenberg
IRC | Investor Relations Contact | 50 | 14-08-31 |
Kai E. Reith
PRN | Corporate Officer/Principal | - | 16-12-31 |
Kristin Omreng
HRO | Human Resources Officer | - | 19-12-31 |
| General Counsel | - | 17-08-31 | |
Nathan Oliver
SAM | Sales & Marketing | 58 | 92-12-31 |
Members of the board
| Members of the board | Title | Age | Since |
|---|---|---|---|
| Director/Board Member | 64 | 12-12-31 | |
Richard Herbert
BRD | Director/Board Member | 65 | 16-12-31 |
Trond Brandsrud
BRD | Director/Board Member | 66 | 18-12-31 |
| Director/Board Member | 46 | 21-12-31 | |
| Chairman | 71 | 13-10-31 | |
| Director/Board Member | 63 | 21-12-31 | |
Anette Valboe
BRD | Director/Board Member | 56 | 01-12-31 |
| Director/Board Member | - | 07-12-31 | |
Carine Roalkvam
BRD | Director/Board Member | - | 22-12-31 |
| Director/Board Member | 61 | 22-12-31 |
Share class
| Vote | Quantity | Free-Float | Company-owned shares | Total Float | |
|---|---|---|---|---|---|
| Stock A | 1 | 955,310,440 | 952,287,743 ( 99.68 %) | 1,319,698 ( 0.1381 %) | 99.68 % |
Company contact information
Group companies
| Name | Category and Sector |
|---|---|
PGS Geophysical AS
 PGS Geophysical AS Engineering & ConstructionIndustrial Services PGS Geophysical AS acquires, processes and provides seismic data. It sells seismic data to oil and gas companies that use this information to explore for hydrocarbon accumulations, to develop new oil and gas fields and to manage those fields in production. The company is headquartered in Lysaker, Norway. |
Engineering & Construction
|
Petroleum Geo-Services, Inc.
 Petroleum Geo-Services, Inc. Wholesale DistributorsDistribution Services Part of PGS ASA, Petroleum Geo-Services, Inc. is a company that wholesales petroleum and petroleum products. The company is based in Houston, TX. |
Wholesale Distributors
|
Petroleum Geo-Services (UK) Ltd.
 Petroleum Geo-Services (UK) Ltd. Oil & Gas ProductionEnergy Minerals Part of PGS ASA, Petroleum Geo-Services (UK) Ltd. is a British company that offers a wide range of marine seismic and towed-streamer electromagnetic services and products. Founded in 1993, the company is based in Weybridge, UK. The company provides seismic surveys, broadband seismic and EM data acquisition, 2D and 3D seismic imaging, reservoir analysis and characterization, and an extensive MultiClient data library. The company's GeoStreamer multisensor technology records broadband data for seismic imaging, reliable reservoir characterization, and accurate reservoir monitoring. The company's recent discoveries and increased exploration in the form of seismic acquisition and offshore drilling make it a hot area, with multiple hydrocarbon systems established across the onshore and offshore areas, outlining the diverse potential of the region. |
Oil & Gas Production
|
Multiklient Invest AS
 Multiklient Invest AS Engineering & ConstructionIndustrial Services Part of PGS ASA, Multiklient Invest AS is a Norwegian company that provides geotechnical services. The company is based in Oslo, Norway. The company was founded in 1994. The CEO is Berit Osnes. |
Engineering & Construction
|
PGS Falcon AS
| |
PGS Exploration (UK) Ltd.
 PGS Exploration (UK) Ltd. Oil & Gas ProductionEnergy Minerals Part of PGS ASA, PGS Exploration (UK) Ltd. is a British company that provides single volumes of unified GeoStreamer 3D datasets, well data, and interactive seismic AVO modeling capabilities to oil and gas companies. The company is based in Weybridge, UK and was founded in 1994. The integration of seismic with well data enables companies to calibrate GeoStreamer and other seismic data with conditioned well data and known production scenarios. PGS gathers offshore survey data and uses vast cloud compute to image the earth and advances marine subsurface knowledge for evolving energy needs. PGS share is listed on the Oslo Stock Exchange (OSE: PGS). |
Oil & Gas Production
|
Pgs Australia Pty Ltd.
|
Investment Managers
|
Petroleum Geo-Services Asia Pacific Pte Ltd.
| |
PGS Finance, Inc.
 PGS Finance, Inc. Engineering & ConstructionIndustrial Services Part of PGS ASA, PGS Finance, Inc. is an American company. The company is located in the US. |
Engineering & Construction
|
Sector
Sales per Business
Sales per region
| 1st Jan change | Capi. | |
|---|---|---|
| -6.79% | 432M | |
| +27.96% | 90.58M | |
| -.--% | 78.09M | |
| +9.29% | 61.62M |
