Petroleum Geo Services
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Petroleum Geo Services - overview
Established
1991
Location
-, -, Norway
Primary Industry
Oil & Gas
About
Based in Oslo, Norway, and founded in 1991, PGS ASA, also known as Petroleum Geo-Services, operates as a marine geophysics company that provides seismic survey technology, including acquiring seismic data, processing and interpreting this data, and creating detailed images and 3D models of the subsurface beneath the ocean floor. As of 2023, the company is led by its CEO, Rune Pedersen. In July 2023, Sculptor Capital Management and Värde Partners provided a USD 75 million term loan facility to PGS ASA. The company offers a wide range of products and services, including seismic, electromagnetic, and reservoir services.
The multiclient segment is a significant part of their revenue, where PGS conducts and manages seismic surveys sold to multiple customers. The surveys are acquired, processed, marketed, and sold to multiple customers on a nonexclusive basis. These geophysical services are crucial for oil and gas exploration and production companies as they help identify potential reserves and assess reservoir properties. PGS plays a role in supporting oil-market participants' efforts to utilize hydrocarbon resources.
The company generates revenue from offshore services, with the majority coming from operations in Norway.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas
Website
www.pgs.com
Total Amount Raised
Subscriber access only
Petroleum Geo Services - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Petroleum Geo Services | - | ||||||||
| Trade Sale | Completed | MTEM Ltd | - |
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