Annual Report 2011 - PGS
Annual Report 2011 - PGS
Annual Report 2011 - PGS
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Notes to the consolidated financial statements<br />
Contents<br />
Key Financial Figures 3<br />
<strong>2011</strong> Highlights 4<br />
Worldwide Offices 6<br />
Main Offices 7<br />
Letter from the CEO 8<br />
Introduction to Business Units 12<br />
Marine Contract 14<br />
MultiClient 20<br />
Operations 26<br />
Data Processing and Technology 32<br />
Corporate Responsibility: <strong>PGS</strong>’ Definition 38<br />
Health, Safety, Environment and Quality 40<br />
The <strong>PGS</strong> Share 42<br />
Corporate Governance 46<br />
Board of Directors 52<br />
Executive Management 54<br />
Board of Directors’ <strong>Report</strong> 56<br />
Responsibility Statement 66<br />
Consolidated Financial Statements 68<br />
Notes to the Consolidated Financial Statements 73<br />
Statements of Operations – <strong>PGS</strong> ASA 121<br />
Notes to the Financial Statements of <strong>PGS</strong> ASA 124<br />
Auditor’s <strong>Report</strong> 136<br />
Financial Calendar 2012<br />
May 3, 2012<br />
<strong>Annual</strong> General<br />
Meeting<br />
May 8, 2012<br />
Q1 2012 Earnings<br />
Release<br />
July 26, 2012<br />
Q2 2012 Earnings<br />
Release<br />
October 25, 2012<br />
Q3 2012 Earnings<br />
Release<br />
December 18, 2012<br />
Capital Markets<br />
Day, Oslo<br />
2 <strong>PGS</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>
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