SOURCE: Petroleum Geo-Services ASA

April 30, 2010 02:12 ET

First Quarter 2010 Presentation

LYSAKER (OSLO), NORWAY--(Marketwire - April 30, 2010) -





The first quarter 2010 presentation can be downloaded at www.newsweb.no or www.pgs.com.

 FOR DETAILS, CONTACT:


 Tore Langballe, SVP Corporate Communications
 Phone:   +47 67 51 43 75
 Mobile: +47 90 77 78 41

 Bård Stenberg, Investor Relations Manager
 Phone: +47 67 51 43 16
 Mobile: +47 99 24 52 35

 US Investor Services
 Phone: +1 281 509 8712

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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 MultiClient 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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The information included herein contains certain forward-looking statements that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future. These statements are based on various assumptions made by the Company, which are beyond its control and are subject to certain additional risks and uncertainties. The Company is subject to a large number of risk factors including but not limited to the demand for seismic services, the demand for data from our MultiClient data library, the attractiveness of our technology, unpredictable changes in governmental regulations affecting our markets and extreme weather conditions. For a further description of other relevant risk factors we refer to our Annual Report for 2009. As a result of these and other risk factors, actual events and our actual results may differ materially from those indicated in or implied by such forward-looking statements. The reservation is also made that inaccuracies or mistakes may occur in the information given above about current status of the Company or its business. Any reliance on the information above is at the risk of the reader, and PGS disclaims any and all liability in this respect.

This information is subject of the disclosure requirements acc. to §5- 12 vphl (Norwegian Securities Trading Act)


[HUG#1410360]


Q1 2010 Presentation: http://hugin.info/115/R/1410360/362906.pdf

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