News & Videos - PGS ASA PGEJF

April 17, 2024, Oslo, Norway: Reference is made to the joint stock exchange announcement on 18 September 2023 by TGS ASA (" TGS " or the " Company ," OSE: TGS) and PGS ASA (" PGS ," OSE: PGS) regarding the combination of the two companies (the " Merger ") to establish the premier energy data company, as well as subsequent announcements on 25 October 2023 and 1 December 2023 regarding, respectively, the execution of the definitive merger agreement and approval by the extraordinary general...

April 9, 2024, Oslo, Norway : Based on a preliminary review, PGS expects to report Revenues and Other Income according to IFRS for Q1 2024 of approximately $217 million, compared to $143.1 million in Q1 2023. The Company expects Produced Revenues* for Q1 2024 of approximately $223 million, compared to $172.2 million in Q1 2023. Contract revenues ended at approximately $116 million in Q1 2024, compared to $94.1 million in Q1 2023. MultiClient late sales revenues were approximately $56 million in...

April 8, 2024, Oslo, Norway: PGS has received a letter of award for a large 3D contract offshore South Atlantic margin from a multiclient company. A Ramform Titan-class vessel is scheduled to commence mobilization in June, with a forecast acquisition duration of up to 300 days. “Seismic activity offshore South Atlantic margin is increasing as a result of recent exploration success, and we are very pleased with this letter of award, extending visibility for one of our Ramform Titan-class...

April 4, 2024, Oslo, Norway: PGS is awarded a 4D contract in Northern Europe for an independent energy company. The Ramform Tethys is scheduled to mobilize for the survey in late April and the project has a total duration of approximately 30 days. “We are very pleased with this contract award, marking the start of the Northern Europe summer season for the Ramform Tethys. By combining the Ramform acquisition platform with our proprietary multi-sensor GeoStreamer technology we will quickly...

April 3, 2024, Oslo, Norway: PGS, a fully integrated marine geophysical company, together with its joint venture consortium partners, TGS and SLB have successfully commenced a MultiClient 3D seismic project located in the Penyu Basin, offshore Peninsular Malaysia. The Ramform Sovereign vessel was mobilized to the acquisition area in March 2024 and the area coverage is approximately 7,800 square kilometers. Acquisition completion is anticipated in July 2024, and processing completion is projected...

February 22, 2024, Oslo, Norway: PGS is awarded a 3D project in the Mediterranean for a major energy company. The Ramform Hyperion is scheduled to start the survey early March and the project has a total duration of approximately 30 days. “We are very pleased with this acquisition project award, extending the Ramform Hyperion’s campaign in the Mediterranean until the end of March. After completing this project, the Ramform Hyperion will steam to the Norwegian continental shelf and commence...

Reassuring Late Sales and Attractive Contract Rates Highlights Q4 2023 Produced Revenues of $227.3 million, compared to $250.7 million in Q4 2022 Produced EBITDA of $126.7 million, compared to $145.2 million in Q4 2022 Produced EBIT (ex. Impairments and other charges, net) of $33.3 million, compared to $57.7 million in Q4 2022 Revenues and Other Income according to IFRS of $265.1 million, compared to $216.7 million in Q4 2022 Cash flow from operations of $115.8 million, compared to $86.4 million...

14 February 2024, Oslo, Norway - Reference is made to the joint stock exchange announcement on 18 September 2023 by TGS ASA ("TGS," OSE: TGS) and PGS ASA ("PGS" or the "Company," OSE: PGS) regarding the combination of the two companies (the "Merger") to establish the premier energy data company, as well as subsequent announcements on 25 October and 1 December 2023 regarding, respectively, the execution and approval of the definitive merger plan for the Merger. The Merger is currently subject to...

February 13, 2024, Oslo, Norway: PGS is awarded an offshore wind site characterization contract in Europe. Mobilization is scheduled for early July and the contract has a total duration of approximately 2 months. The project will be acquired with PGS’ ultra-high-resolution 3D (UHR3D) streamer, providing significantly more detailed subsurface data for shallower targets compared to traditional seismic acquisition systems. “We are very pleased with this offshore wind site characterization...

January 30, 2024, Oslo, Norway: PGS will publish its Q4 2023 results on Thursday, February 15 at approximately 07:00 am Central European Time (CET). The earnings release and the presentation will be published on www.newsweb.no and PGS’ website www.pgs.com. Rune Olav Pedersen, President & CEO, and Gottfred Langseth, EVP & CFO will present the results the same day at 10:30 am CET at House of Oslo Conference Center, Ruseløkkveien 34, 0251 Oslo, Norway. The presentation is open to the public and...

January 9, 2024, Oslo, Norway : Based on a preliminary review, PGS expects to report Revenues and Other Income according to IFRS for Q4 2023 of approximately $265 million, compared to $216.7 million in Q4 2022. The Company expects Produced Revenues* for Q4 2023 of approximately $227 million, compared to $250.7 million in Q4 2022. Contract revenues ended at approximately $84 million in Q4 2023, compared to $111.2 million in Q4 2022. MultiClient late sales revenues were approximately $82 million...

January 8, 2023, Oslo, Norway: PGS together with JV consortium partners TGS and SLB, have secured pre-funding to expand MultiClient 2D seismic data coverage in the Sabah Basin offshore Malaysia. The seventh phase of this multi-year project off the coast of Sabah encompasses over 5,000 kilometers of new 2D seismic data acquisition, over 2,600 kilometers of legacy seismic data processing and 2,800 square kilometers of 2D-cubed processing as part of a multi-year contract originally awarded by...

December 21, 2023, Oslo, Norway: PGS ASA and its subsidiaries (“PGS” or the “Company”) announce today that the Company’s $450 million senior secured bond is listed on Oslo Børs and available for trading. The prospectus for the $450 million senior secured bond can be downloaded from the Company’s website www.pgs.com. FOR DETAILS, CONTACT: Bård Stenberg, VP IR & Corporate Communication Mobile: +47 992 45 235 *** PGS ASA and its subsidiaries (“PGS” or “the Company”) is a fully...

December 8, 2023, Oslo, Norway: Ebrahim Attarzadeh, Board member of PGS, has today sold 140 000 shares in the Company at an average price of NOK 8.084 per share. After the transaction, Mr. Attarzadeh does not own shares in PGS. The PDMR notification form is attached to this notice and can be downloaded from www.newsweb.no. This information is subject to the disclosure requirements pursuant to MAR article 19 and Section 5-12 of the Norwegian Securities Trading Act. Attachment PGS PDMR...

December 7, 2023, Oslo, Norway: PGS is awarded a 3D exploration contract in Asia Pacific. The Ramform Sovereign is scheduled to mobilize for the survey in December and the contract has a total duration of approximately 50 days. “We are very pleased with this contract award securing work for the Ramform Sovereign into first quarter next year. Most of our activities in Asia Pacific this year have been well pre-funded MultiClient projects. Now we are experiencing increasing contract tendering...

1 December 2023, Oslo, Norway - Reference is made to the joint stock exchange announcement on 18 September 2023 by PGS ASA ("PGS" or the "Company," OSE: PGS) and TGS ASA ("TGS," OSE: TGS) regarding the combination of the two companies (the "Merger") to establish the premier energy data company, as well as subsequent announcements on 25 and 30 October 2023 regarding, respectively, the execution of the definitive merger agreement and notices for extraordinary general meetings for approval. An...

November 9, 2023, Oslo, Norway: PGS is awarded a 4D acquisition contract* offshore West Africa. Mobilization is scheduled for Q4 and the contract has a total duration of approximately 60 days. “We experience continued high activity in our core West African markets and are very pleased with this contract award. Our Ramform acquisition platform in combination with multi-sensor GeoStreamer technology will provide the client with high-quality 4D seismic data,” says President & CEO in PGS, Rune...

November 6, 2023, Oslo, Norway: PGS is awarded a 3D exploration contract* in the Mediterranean. The Ramform Titan is scheduled to mobilize for the survey in December and the contract has a total duration of approximately 160 days. “We are very pleased with this contract award securing work for the Ramform Titan through the winter season. The Mediterranean is a hotspot serving the European gas market and we see potential for more work in this prolific region,” says Rune Olav Pedersen,...

Oslo, 30 October 2023 Reference is made to the joint announcement on 25 October 2023 made by PGS ASA (" PGS " or the " Company ", OSE: PGS) and TGS ASA (" TGS ", OSE: TGS) regarding the announcement of entering into a merger agreement for a triangular merger between the Company and TGS NewCo AS, with the latter as surviving entity, and TGS to issue the merger consideration shares to shareholders in PGS. The formal merger plan has been signed and submitted to the Norwegian Register of Business...

Strong MultiClient Pre-funding Performance Establishing the Premier Energy Data Company Highlights Q3 2023 Produced Revenues of $184.8 million, compared to $216.5 million in Q3 2022 Produced EBITDA of $125.7 million, compared to $116.1 million in Q3 2022 Produced EBIT (ex. Impairments and other charges, net) of $20.5 million, compared to $32.6 million in Q3 2022 Revenues and Other Income according to IFRS of $157.3 million, compared to $198.5 million in Q3 2022 Cash flow from operations of...