PGS
An integrated marine geophysics company.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
* | N/A | Merger | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 1 % | (32 %) | (1 %) | 38 % | (6 %) | 21 % | (2 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 63 % | 67 % | 54 % | 55 % | 57 % | 58 % | 58 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (8 %) | (54 %) | (30 %) | (4 %) | (2 %) | 9 % | 9 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
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Petroleum Geo-Services ASA (PGS) was founded in 1991 by a group of visionary entrepreneurs, including Per Arild Reksnes and Svein Rennemo. The company was established with a mission to provide advanced seismic and reservoir services to the oil and gas industry, focusing on marine geophysical surveys.
In its early years, PGS quickly gained a reputation for innovation, particularly with the introduction of its Ramform vessels, which were designed to improve the efficiency and quality of seismic data acquisition. This technological edge helped PGS expand its operations globally, serving major oil companies around the world.
A significant milestone in PGS's journey was its initial public offering (IPO) on the Oslo Stock Exchange in 1992, just a year after its founding. This move provided the company with the capital needed to invest in new technologies and expand its fleet of seismic vessels.
Throughout the 1990s and early 2000s, PGS continued to grow, acquiring several companies to enhance its service offerings and technological capabilities. However, the company also faced challenges, including financial restructuring in the early 2000s due to industry downturns.
Despite these hurdles, PGS remained resilient, focusing on innovation and strategic partnerships. The company's ability to adapt to changing market conditions and its commitment to technological advancement have been key to its enduring success in the competitive oil and gas sector.
Today, PGS stands as a leader in the field of marine geophysical services, continuing to push the boundaries of what is possible in seismic data acquisition and processing.
