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PGS

Oil and Gas

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PGS

Overview

PGS is a global marine geophysics company that uses advanced seismic survey technology and vast cloud computing to image the earth. Geophysics is a key enabler for energy security and energy transition. Energy companies rely on PGS data when they develop offshore resources, both to find hydrocarbons and produce them efficiently, and to meet #NetZero goals by selecting carbon storage sites and monitoring them over time. Renewable energy also needs reliable subsurface data. Wind farm developers and investors use it to understand subsurface risk and evaluate investments. And geophysics can help to understand seabed minerals. 4 Business Areas - Sales and Services market PGS data acquisition services, develop the PGS MultiClient library and deliver expert imaging of structures and reservoirs. - New Energy develops technology and collaborative business models to support a sustainable energy transition, addressing carbon storage, offshore wind, and marine mineral exploration. - Operations manages the PGS fleet and executes our seismic acquisition projects. - Technology & Digitalization manage our portfolio of research activities, our digital transformation initiatives, and Enterprise IT. PGS is listed on the Oslo Stock Exchange (OSE: PGS), the head office is Oslo, Norway.