PGS
PGS, or Petroleum Geo-Services, is a leading provider of geophysical and geological services, headquartered in Norway. Established in 1991, the company has made significant strides in the oil and gas industry, particularly in seismic data acquisition and interpretation. With a strong operational presence in regions such as the North Sea, Brazil, and the Gulf of Mexico, PGS has positioned itself as a key player in the energy sector. The company offers a range of core services, including advanced seismic imaging and reservoir analysis, which are distinguished by their cutting-edge technology and commitment to sustainability. PGS has achieved notable milestones, such as pioneering multi-client data libraries that enhance exploration efficiency. With a reputation for innovation and reliability, PGS continues to support the global energy market while maintaining a focus on environmental stewardship.
DitchCarbon Score
How does PGS's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Petroleum Electricity industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
PGS's score of 22 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PGS's reported carbon emissions
In 2023, PGS reported total carbon emissions of approximately 330,000,000 kg CO2e from Scope 1, 5,000,000 kg CO2e from Scope 2, and 67,000,000 kg CO2e from Scope 3. This reflects a commitment to transparency in their emissions reporting, covering all relevant scopes. Over the years, PGS has demonstrated a gradual reduction in emissions per unit of production, with emissions per CMP decreasing from about 90,400 kg CO2e in 2014 to approximately 55,500 kg CO2e in 2023. This indicates a significant improvement in their operational efficiency and a commitment to reducing their carbon footprint. Despite these achievements, PGS has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction targets suggests that while PGS is actively monitoring and reporting its emissions, it may need to establish clearer commitments to align with industry standards for climate action. Overall, PGS's emissions data highlights its ongoing efforts to manage and reduce carbon emissions, although further commitments could enhance its sustainability profile.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 345,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 6,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 5,000,000 | 0,000,000 | 0,000,000 | - | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
PGS is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
