Presentation Material Capital Markets Day 2015

Today PGS holds its annual Capital Markets Day in Oslo, Norway. The event is scheduled to start at 08:00am CET and the presentation material can be downloaded from www.newsweb.no and www.pgs.com.

The Company's guidance for 2016 is as follows:

  • Group cash cost of approximately USD 725 million
    • Of which approximately USD 250 million to be capitalized as MultiClient cash investments
       
  • MultiClient cash investments of approximately USD 250 million
    • Pre-funding level of approximately 100%
    • Approximately 50% of active vessel time planned for MultiClient
       
  • Capital expenditures of approximately USD 240 million
    • Of which new build capex of approximately USD 180 million
       
  • Gross depreciation*) of approximately USD 210 million
    • Of which approximately USD 90 million to be capitalized as MultiClient investments
       
  • Gross cash interest expense of approximately USD 60 million
    • Of which approximately USD 25 million expected to be capitalized to MultiClient surveys and new builds in progress

 *) Gross depreciation does not include MultiClient amortization expense.


The event will be webcasted live and available for replay shortly after on www.pgs.com.

FOR DETAILS, CONTACT:
 

Bård Stenberg, VP IR & Corporate Communications
Mobile:  +47 99 24 52 35

 

 

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.