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Petroleum Geo-Services

Press Conference - PGS Selling its Onshore Seismic Business to Geokinetics

December 3, 2009: OSLO, NORWAY, Petroleum Geo-Services ASA ("PGS" or the "Company") will today host a press conference to inform about the disposal of its Onshore seismic business unit to Geokinetics. The press conference will take place at PGS' Headquarters at Strandveien 4, Lysaker and is scheduled to start at 3:30 pm Central European Time (CET).
 
The press conference will be webcasted live and available for replay shortly after. To watch the webcast over the internet, please visit PGS' web site, www.pgs.com, at least 10 minutes early to register and download and install any necessary software. 
 
A conference call is also scheduled as a part of the press conference scheduled at 3:30 pm CET (9:30 am ET). To access the conference call, please dial-in at the number provided below, corresponding to your location. The conference ID is 3764380.
                                   
 
 
The telephone will be open for questions at the conclusion of management's remarks. A digital replay will be available shortly after the conference call through Thursday December 10, 2009. The access number for this service is 3764380 followed by # (pound-sign). Please access the replay by dial-in at the number provided below.
 
 
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Petroleum Geo-Services is a focused geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The company also possesses the world's most extensive multi-client data library. PGS operates on a worldwide basis with headquarters at Lysaker, Norway.
For more information on Petroleum Geo-Services visit www.pgs.com.
 
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Tore Langballe
Senior Vice President Group Communications
Direct: +47 67 52 64 00
Cell: +47 907 77 841
info@pgs.com

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