Petroleum Geo Services

Oslo, Norway Founded: 1991 • Age: 35 yrs
Provider of marine-focused geophysical services

About Petroleum Geo Services

Petroleum Geo Services is a company based in Oslo (Norway) founded in 1991.. Petroleum Geo Services has completed 1 acquisition, including Molecular Templates, Inc.. Petroleum Geo Services offers products and services including Multi-Client Library, Acquisition Technologies, New Energy Solutions, and Advanced Data Processing. Petroleum Geo Services operates in a competitive market with competitors including Acceleware, MicroSeismic, Wireless Seismic, ION Geophysical and Sharp Reflections, among others.

  • Headquarter Oslo, Norway
  • Stage Public
  • Sectors
    Energy & Utilities
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Tgs Asa
Operational Areas
Energy & Utilities → Oil & Gas
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
    $40.68 M (USD), Post-IPO

    Sep 18, 2023

  • Investors
  • Employee Count
    Employee Count
  • Investments & Acquisitions
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Products & Services of Petroleum Geo Services

Petroleum Geo Services offers a comprehensive portfolio of products and services, including Multi-Client Library, Acquisition Technologies, New Energy Solutions, and Advanced Data Processing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Provides geological data for energy exploration worldwide.

Delivers vessel-based multisensor data acquisition for energy needs.

Offers digitized models for wind, geothermal, and CCS applications.

Processes data to reduce uncertainty in energy decisions.

People of Petroleum Geo Services
Headcount 500-1000
Employee Profiles 130
Board Members and Advisors 7
Employee Profiles
People
Chong Kl
Asia Business Development
People
Terry Johnson
Manager, Imaging Production
People
Kristin Omreng
EVP, People & Culture
People
Chris Egger
Onshore Sales Leader

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Board Members and Advisors
people
Trond Brandsrud
Director
people
Anne Grethe Dalane
Director
people
Emeliana Rice-Oxley
Director
people
Christopher Finlayson
Chairman

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Funding Insights of Petroleum Geo Services

  • Total Funding
  • Total Rounds 5
  • Last Round Post-IPO — $40.7M
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Sep, 2023 Amount Post-IPO - Petroleum Geo Services Valuation

investors

Nov, 2022 Amount Post-IPO - Petroleum Geo Services Valuation

investors

May, 2022 Amount Post-IPO - Petroleum Geo Services Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Petroleum Geo Services

Petroleum Geo Services has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Point Financial. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Investor Description Founded Year Domain Location
Lease financing is provided to growth-stage companies in the US.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Petroleum Geo Services

Petroleum Geo Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Molecular Templates, Inc.. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Molecular Templates, Inc. was a clinical-stage biopharmaceutical company.
2004
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Petroleum Geo Services

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Petroleum Geo Services Comparisons

Employees
+
Add Comparison
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Competitors of Petroleum Geo Services

Petroleum Geo Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Acceleware, MicroSeismic, Wireless Seismic, ION Geophysical and Sharp Reflections, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Seismic imaging software and enhanced oil recovery solutions are provided.
domain founded_year HQ Location
Microseismic monitoring services for hydrocarbon exploration and production are provided.
domain founded_year HQ Location
Developers of wireless seismic recording systems
domain founded_year HQ Location
AI-driven seismic solutions are provided for oil and gas exploration.
domain founded_year HQ Location
Seismic data is analyzed and processed for hydrocarbon identification.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Petroleum Geo Services

Frequently Asked Questions about Petroleum Geo Services

When was Petroleum Geo Services founded?

Petroleum Geo Services was founded in 1991 and raised its 1st funding round 22 years after it was founded.

Where is Petroleum Geo Services located?

Petroleum Geo Services is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.

What does Petroleum Geo Services do?

Petroleum Geo Services was founded in 1991 in Oslo, Norway, and operates within the geophysical sector of the energy industry. Marine-focused services are provided, encompassing 2D, 3D, and 4D seismic data acquisition, processing, multiclient data libraries, and reservoir analysis. These offerings support exploration and production activities in offshore environments, with a primary emphasis on geophysical products and solutions for the petroleum sector.

Who are the top competitors of Petroleum Geo Services?

Petroleum Geo Services's top competitors include Acceleware, MicroSeismic and Electromagnetic Geoservices.

What products or services does Petroleum Geo Services offer?

Petroleum Geo Services offers Multi-Client Library, Acquisition Technologies, New Energy Solutions, and Advanced Data Processing.

How many acquisitions has Petroleum Geo Services made?

Petroleum Geo Services has made 1 acquisition, including Molecular Templates, Inc..

Who are Petroleum Geo Services's investors?

Petroleum Geo Services has 1 investor. Key investors include Point Financial.

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