UHY Clients
Petroleum Geo Services
1st March, 2007
Petroleum Geo ServicesPetroleum Geo-Services (PGS) is a technologically focused oilfield service company covering the complete value chain from exploration, via field development to production.
PGS operates in two primary business areas – seismic and production – through four operating units: Marine Geophysical, Onshore Geophysical, Production and Reservoir.
The group’s headquarters are in Norway. Other major offices are located in London, the UK, Houston, the US, and in Singapore.
The PGS group employs approximately 2,800 people and has offices and operations in more than 20 countries worldwide. The group’s revenues for 2005 were approximately 1.1 billion USD.
One of the Big Four carries out PGS’ internal audit work. But for this complex Sarbanes-Oxley (SOX) project, UHY was chosen because of its relationship with key management at PGS and the previous SOX project experience of its staff.
Barbara Shirley, Managing Director at UHY Advisors, says that having a member firm in London, combined with the UK team’s knowledge of process documentation and risks/controls, helped to secure the international assignment.
At the height of the project seven staff, in London and in Houston, worked on the project. Although the original project has been completed, UHY continues to provide additional services to PGS.
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