SOURCE: Petroleum Geo-Services ASA

December 03, 2009 08:44 ET

Press conference - PGS selling its Onshore seismic business to Geokinetics

OSLO, NORWAY--(Marketwire - December 3, 2009) - 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.


              Location             Dial-In Number
              Norway (toll free)   800 19 640
              International (toll) +44 (0)20 7806 1950
              UK (toll free)       0800 028 1243
              US (toll free)       1888 935 4575



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.


              Location             Dial-In Number
              Norway (toll)        +47 21 00 04 98
              International (toll) +44 (0)20 7111 1244
              US (toll free)       1866 932 5017
              UK (toll)            0800 358 7735


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.


FOR DETAILS, CONTACT:

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

Invitation Press Conference: http://hugin.info/115/R/1359010/331104.pdf

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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