| Business Summary | | Petroleum
Geo
Service
ASA
is
a
technology-focused
oil
field
service
company.
The
Company's
business
includes:
acquiring,
processing
and
marketing
seismic
data;
providing
floating
production,
storage
and
overloading
(FPSO)
vessels;
and
providing
geophysical
and
other
services
that
help
oil
and
gas
companies
monitor
producing
oil
and
gas
reservoirs
to
increase
ultimate
recoveries.
Oil
and
gas
companies
use
geophysical
or
seismic
surveys
to
help
them
and
oil
and
gas
and
to
determine
the
size
and
structure
of
known
oil
and
gas
reservoirs.
Seismic
projects
generally
consist
of
planning
a
seismic
survey
and
acquiring,
processing
and
interpreting
seismic
data.
An
FPSO
system
is
a
type
of
mobile
production
unit
that
produces,
processes,
stores
and
overloads
oil
and
gas
from
offshore
fields
with
widely
differing
production
characteristics,
sizes
and
water
depths. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PGO
is
a
technologically
focused
oilfield
service
company
involved
in
two
businesses:
geophysical
services
and
production
services.
PGO
acquires,
processes,
manages
and
markets
3D,
4D
and
4C
seismic
data.
For
the
six
months
ended
6/01,
revenues
increased
4%
to
$467.1
million.
Net
income
totalled
$115.3
million,
up
from
$20.9
million.
Revenues
reflect
increased
production
services.
Earnings
benefitted
from
a
$111.9
million
after-tax
gain
from
the
sale
of
business. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Reider Michaelsen, 56 | Chairman
and CEO | Michael Mathews, 59 | Vice
Chairman | Anthony Mackewn, 52 | Pres
-- Exploration EAME | Magne Reiersgard, 38 | Pres,
PGS Asia Pacific | Edgar Alsaker, 48 | Managing
Director, Golar-Nor Offshore AS |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|