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PGS set to boost local content capacity

By Yemie Adeoye & Daniel Alfred
PETROLEUM Geo Services (PGS), has stated that it is committed to surpassing the Nigerian content initiative of the federal government and that underscores the reason for its business development initiative which has brought to the fore, the growing importance of its West Africa operations.

The President and Chief Executive Officer of the company, Mr. Jon Erik Reinhardsen stated that his visit is to underscore the pivotal importance of Nigeria to PGS’s global business and affords the him an opportunity to meet key industry players, employees and other stakeholders.

Commenting Jon Erik Reinhardsen, President and Chief Executive Officer of Petroleum Geo_Services said; “The Nigeria offshore area plays an important role in our future growth and success. It is important that we engage with the Nigerian Government, our clients, partners and associates to ensure PGS strategy is aligned with Nigeria’s future aspirations. As a key market, we are excited about the growth potential and opportunities in Nigeria and the West African market. Our presence in this market will add value for our customers, our employees and our shareholders.”

PGS is committed to aligning with the Federal Government of Nigeria’s goal of increased Nigerian content in the oil & gas industry as well as the development of Nigerian talents. In addition to having Nigerians in its operations in many other parts of the world, the PGS Nigerian office is led by an all Nigerian Management team.

Going forward,  PGS is committed to complying with and exceeding the Nigerian content directives. We will continue to train professional Nigerians and our own Nigerian staff  have the opportunity to work for PGS anywhere in the world.”he enthused

According to him the company offers a broad range of products including; seismic and electromagnetic services, data acquisition, processing, reservoir analysis/interpretation and multi_client library data. “We help oil companies to find oil and gas reserves worldwide, offshore and onshore.

We have 16 offshore seismic vessels and 23 data processing centers. We have  offices in over 30 countries with regional centers in London, Houston and Singapore. Our headquarters is in Oslo, Norway.”

Speaking on reasons for the company’s business interest in Nigeria the CEO noted that PGS has been acquiring seismic data offshore Nigeria since 1994 and have had an office in Lagos since 1997.

“During the last decade, PGS have experienced significant growth, especially here in Nigeria and consequently we have gradually increased our presence and business here.  We now have 27 Nigerian employees working in our core business activities of Marine Seismic Acquisition, Data Processing and Interpretation, and this expansion has meant that we had to seek new premises.

Throughout that period HSE has been one of our major concerns, especially as we have been working in waters with occasional challenging security and environmental issues.  The PGS goal is No harm to people, No harm to equipment, No harm to environment and I believe that we have been successful in achieving these goals both offshore and in the office in Nigeria.

He said that his company has since formed an alliance with NNPC subsidiary IDSL in an effort to partner in the interest of the local industry.

“In 1997 we formed a Technical  alliance with Integrated Data Services Ltd, who you all know as IDSL the well known geophysical services provider and subsidiary of  NNPC.  We made this move  in order to gain access to local seismic experience in return for technology transfer and capacity building.

In the last 5 years we have together successfully acquired 35,000 sq km of high quality 3D seismic data, including a large percentage of Multi client seismic data in cooperation with the  DPR (Department of Petroleum Resources).  This MC data has assisted the government in providing data ahead of license round, thereby advancing and enhancing the quest for hydrocarbon exploration offshore Nigeria.

We see our Marine Seismic Acquisition TCA with IDSL as the corner stone of our Nigerian business in the country and expect to be working together for the foreseeable future to bring the best technology to the Nigerian offshore  oil industry.

Going forward,  PGS is committed to complying with and exceeding the Nigerian content directives. We will continue to train professional Nigerians and our own Nigerian staff  have the opportunity to work for PGS anywhere in the world.” he further stated.


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