Petroleum Geo-Services

Petroleum Geo-Services

Infobox Company
company_name = Petroleum Geo-Services ASA
company_
company_type = Public
foundation = 1991
location = Lysaker, Norway
key_people = Jens Ulltveit-Moe (Chairman of the board), Jon Erik Reinhardsen (President and CEO)
area_served = Global
industry = Petroleum
products = Geophysical services
revenue = US $1.520 billion (2007)cite web |url=http://www.pgs.com/upload/203907/Annual_report_2007.pdf |title=Annual Report 2007 |publisher=Petroleum Geo-Services |accessdate=2008-05-27]
operating_income = profit US $494.5 million (2007)
net_income = profit US $470.8 million (2007)
num_employees = 3,200 (2007)
parent =
subsid =
homepage = [http://www.pgs.com www.pgs.com]
intl = yes

Petroleum Geo-Services ASA (ose|PGS, nyse|PGS), an oilfield service company, provides geophysical services worldwide. The company provides various seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The floating production unit was demerged in 2006 and listed as a Petrojarl ASA on Oslo Stock Exchange. 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, its revenues for 2006 were approximately 1.3 billion USD.

The chairman of the Board of Directors is Jens Ulltveit-Moe; board members are Harald Norvik, Francis Gugen, Holly Van Deursen, Wenche Kjølås, Daniel J. Piette and Annette Malm Justad.

References

External links

* [http://www.pgs.com/ PGS Web Site]
* [http://www.pgs.com/upload/47559/AnnualReport2005.pdf PGS Annual Report 2005]


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