May 19, 2023, Oslo, Norway: PGS has executed the final contract* with an independent energy company for a 3D survey in the Barents Sea to be acquired by the Ramform Hyperion. The project is about to start and duration is approximately 40 days. PGS announces contract awards and MultiClient projects as stock exchange releases if the contract has a value of $10 million or more, MultiClient projects with a duration of 2 [...]
May 11, 2023, Oslo, Norway: PGS has entered into a seismic acquisition contract* for carbon storage offshore Norway by an independent energy company. The project is scheduled to start in September and has a duration of approximately one month. "In 2022 we established a strong position in the carbon storage geo-services market, and successfully completed four carbon storage acquisition jobs. I am very pleased with this [...]
Strong Acquisition Revenues in a Recovering Seismic Market Highlights Q1 2023 Produced Revenues of $172.2 million, compared to $140.3 million in Q1 2022 Produced EBITDA of $71.5 million, compared to $55.9 million in Q1 2022 Revenues and Other Income according to IFRS of $143.1 million, compared to $136.2 million in Q1 2022 EBIT according to IFRS a loss of $16.1 million, compared to a loss of $20.6 million in Q1 2022 Cash [...]
April 26, 2023, Oslo, Norway: PGS held its Annual General Meeting today. The Annual General Meeting resolved to approve all matters as proposed in the Calling Notice. The minutes from the Annual General Meeting can be downloaded from www.newsweb.no or www.pgs.com. Attachment Genforsprotokoll AGM 2023...
April 14, 2023, Oslo, Norway: Based on a preliminary review, PGS expects to report Revenues and Other Income according to IFRS for Q1 2023 of approximately $143 million, compared to $136.2 million in Q1 2022. The Company expects Produced Revenues* for Q1 2023 of approximately $172 million, compared to $140.4 million in Q1 2022. Contract revenues ended at approximately $94 million in Q1 2023, compared to $61.5 million in [...]
April 5, 2023 Oslo, Norway: PGS will release its Q1 2023 results on Thursday April 27, 2023 at approximately 08:00 am Central European Summer Time . The earnings release and the earnings presentation will be published on www.newsweb.no and on PGS' website www.pgs.com. President & CEO Rune Olav Pedersen and EVP & CFO Gottfred Langseth will present the results the same day at 09:00 am CEST at PGS' headquarters [...]
March 31, 2023, Oslo, Norway: PGS ASA and/or its subsidiaries announced on March 17, 2023 that the Company had successfully placed a new $450 million senior secured bond, with proceeds, together with available cash, to be used to repay $600 million of the Company's Term Loan B maturing in March 2024 . The Transaction was completed today. FOR DETAILS, CONTACT: Bård Stenberg, VP IR & Corporate Communication Mobile: +47 99 [...]
CORRECTION vs. release sent March 29, 2023 at 10:13:01: The European Single Electronic Format file-name attached to this release is aligned with the ESEF file-name referred to in the Auditor's report. March 29, 2023, Oslo, Norway: PGS' 2022 annual report can be downloaded from www.pgs.com or www.newsweb.no. The Company's 2022 annual financial statements in ESEF can be downloaded from the same webpages. For details [...]
March 29, 2023, Oslo, Norway: PGS' 2022 annual report can be downloaded from www.pgs.com or www.newsweb.no. The Company's 2022 annual financial statements in European Single Electronic Format can be downloaded from the same webpages. For details, contact: Bård Stenberg VP IR & Corporate Communication Mobile: +47 992 45 235 Attachments PGS Annual Report 2022 PGS_ESEF 2022-12-31-en...
March 28, 2023, Oslo, Norway: PGS Annual General Meeting is scheduled for April 26, 2023 at 15:00 CEST. The calling notice and proxy forms can be downloaded from www.newsweb.no or www.pgs.com. The Company's board of directors has resolved that the annual general meeting will be arranged virtually and made available online via Lumi AGM. All shareholders will be able to participate in the meeting, vote and ask questions [...]
March 22, 2023, Oslo, Norway: PGS is awarded a 3D exploration acquisition contract by a major international energy company. Ramform Titan is scheduled to mobilize for the survey in late June and acquisition is expected to complete in August 2023. "We are very pleased with this contract award, which further improves our visibility for the summer season. Our Ramform acquisition platform in combination with multi-sensor [...]
March 17, 2023, Oslo, Norway: PGS ASA and/or its subsidiaries has successfully placed a new $450 million senior secured bond with 4-year tenor . The proceeds from the Bonds will together with cash held on balance sheet be used to repay $600 million of the Company's Term Loan B maturing in March 2024 at par value . The Transaction is expected to be completed around March 31, 2023. The offshore seismic market is in strong [...]
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