Petroleum Geo-Services Overview
- Year Founded
-
1991
- Status
-
Acquired/Merged
- Employees
-
1,210
- Latest Deal Type
-
Debt Refin.
- Financing Rounds
-
21
- Investments
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15
Petroleum Geo-Services General Information
Description
PGS ASA provides images and 3D models of the subsurface beneath the ocean floor. Oil-market participants use PGS services to find oil and gas reserves. The company's complete line of products includes seismic, electromagnetic, and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The majority of revenue is derived from the multiclient segment where it initiates and manages seismic surveys, which PGS acquires, processes, markets, and sells to multiple customers on a nonexclusive basis. Products and services are offered in offshore markets around the world. Geographically, the majority is derived from Norway.
Contact Information
Website
www.pgs.comCorporate Office
- PO Box 251 Lilleaker
- 0216 Oslo
- Norway
Corporate Office
- PO Box 251 Lilleaker
- 0216 Oslo
- Norway
Petroleum Geo-Services Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Petroleum Geo-Services Comparisons
Industry
Financing
Details
Petroleum Geo-Services Competitors (6)
One of Petroleum Geo-Services’s 6 competitors is Weatherford International, a Corporation company based in Houston, TX.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Weatherford International | Corporation | Houston, TX | ||||
| Transocean | Formerly Accelerator/Incubator backed | Steinhausen, Switzerland | ||||
| Terrex Seismic | Private Equity-Backed | Banyo, Australia | ||||
| Global Geophysical Services | Private Equity-Backed | Bellaire, TX | ||||
| NOV | Formerly PE-Backed | Houston, TX |
Petroleum Geo-Services Patents
Petroleum Geo-Services Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20250060497-A1 | Using uncontrolled acoustic energy in combination with controlled seismic source energy to retrieve information about a subsurface | Pending | 18-Aug-2023 | ||
| US-20240329269-A1 | System and method for generating source activation times or locations in blended marine seismic acquisitions | Pending | 03-Apr-2023 | ||
| US-20240310540-A1 | Determining angle gathers from inversion of velocity and reflectivity of a subterranean formation | Pending | 17-Mar-2023 | ||
| US-20240230941-A9 | Extended long offset acquisition with constant or dynamically adjusted offset coverage gap | Pending | 20-Oct-2022 | ||
| US-20240134079-A1 | Extended long offset acquisition with constant or dynamically adjusted offset coverage gap | Pending | 20-Oct-2022 | G01V1/3843 |
Petroleum Geo-Services Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Petroleum Geo-Services Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Petroleum Geo-Services Investments & Acquisitions (15)
Petroleum Geo-Services’s most recent deal was a Corporate Asset Purchase with Petroleum Geo-Services (Large 3D MultiClient Survey in Uruguay). The deal was made on 26-Jun-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Petroleum Geo-Services (Large 3D MultiClient Survey in Uruguay) | 26-Jun-2024 | Corporate Asset Purchase | Buildings and Property | ||
| Petroleum Geo-Services (MC3D Kwanza Shelf Survey Offshore Angola) | 02-Apr-2020 | Corporate Asset Purchase | Buildings and Property | ||
| Rock Solid Images | 25-Jul-2019 | Merger/Acquisition | Media and Information Services (B2B) | ||
| Azimuth Group Services | 01-Jan-2019 | Corporate | Asset Management | ||
| Ocean Geo-Frontier | 21-Dec-2018 | Joint Venture | Marine |
Petroleum Geo-Services Exits (1)
Petroleum Geo-Services’s most recent exit was on 01-Dec-1996 from Spinnaker Exploration. The exit was categorized as with 2 buyers.
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Spinnaker Exploration | 01-Dec-1996 | Completed |
|
Petroleum Geo-Services Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Rock Solid Images | Houston, TX | 1998 |
Petroleum Geo-Services FAQs
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When was Petroleum Geo-Services founded?
Petroleum Geo-Services was founded in 1991.
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Where is Petroleum Geo-Services headquartered?
Petroleum Geo-Services is headquartered in Oslo, Norway.
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What is the size of Petroleum Geo-Services?
Petroleum Geo-Services has 1,210 total employees.
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What industry is Petroleum Geo-Services in?
Petroleum Geo-Services’s primary industry is Other Energy Services.
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Is Petroleum Geo-Services a private or public company?
Petroleum Geo-Services is a Private company.
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What is Petroleum Geo-Services’s current revenue?
The current revenue for Petroleum Geo-Services is .
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How much funding has Petroleum Geo-Services raised over time?
Petroleum Geo-Services has raised $745M.
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Who are Petroleum Geo-Services’s investors?
Ferd and Point Financial have invested in Petroleum Geo-Services.
-
Who are Petroleum Geo-Services’s competitors?
Weatherford International, Transocean, Terrex Seismic, Global Geophysical Services, and NOV are some of the 6 competitors of Petroleum Geo-Services.
-
When was Petroleum Geo-Services acquired?
Petroleum Geo-Services was acquired on 20-Nov-2024.
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Who acquired Petroleum Geo-Services?
Petroleum Geo-Services was acquired by TGS (Database Software).
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