As a part of the plan to restructure business activities in Asia Pacific, PGS has decided to relocate its regional headquarters from Singapore to Kuala Lumpur (KL).
PGS believes that this move will result in consolidation and centralization of resources and lead to improved competitive advantage and reduced costs.
KL is the hub of the vibrant and active domestic Malaysian exploration and production market. According to the company, the imaging center in the city is one of PGS’ busiest, carrying a significant part of the Company’s load for imaging worldwide. By locating the regional headquarters in KL PGS will get closer interaction with the major international oil companies established there as well as the national oil company Petronas.
The move will take place in July 2015.