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    Petroleum Geo-Services to sell Production Services Division

    News // October 25, 2002
    Petroleum Geo-Services (PGS) has announced the signing of a share sale agreement with Petrofac Limited to sell PGS Production Group Ltd, the company's production services division headquartered in Aberdeen for a total consideration of approximately $50 million, including the assumption of approximately $5 million in debt. This agreement is subject inter alia to due diligence.

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