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PGS |
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Founded in 1855 through a merger of six pre-existing firms, the PGS was so blessed by the government's original terms for setting up its monopoly that it reaped average gross profits of 42. PGS owns and manages an extensive library of multi-client seismic data, which it licenses for use by petroleum exploration and development companies. PGS interpreted that the potential exists for mature source rock in the Lower Cretaceous. |
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