Petroleum Geo-Services ASA : Vessel Allocation Q1 2013

Fri Apr 5, 2013 2:09am EDT

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April 5, 2013: Oslo, Norway, Petroleum Geo-Services ASA ('PGS' or the 'Company') routinely
releases information about 3D vessel utilization after the end of each quarter.

Summary of vessel utilization:

 Approximate allocation of PGS total 3D towed streamer capacity    Quarter ended   Quarter ended December 31,  
                                                                     March 31,                                 
                                                                   2013     2012              2012             
 Contract seismic                                                     54%      57%                         47% 
 MultiClient seismic                                                  38%      31%                         28% 
 Steaming                                                              6%       6%                         17% 
 Yard                                                                  2%       5%                          8% 
 Standby                                                               0%       1%                          0% 

PGS will release its Q1 2013 financial results on Monday April 29, 2013, at approximately 8:00 am
Central European Time (CET). A corresponding presentation, webcast and conference call are
scheduled for 9:00 am CET the same day, followed by a conference call at 3:00 pm CET.

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

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



Petroleum Geo-Services is a focused marine 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 .

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 multi-client 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 2011. 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.

Q1 2013 Vessel Allocation 


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Source: Petroleum Geo-Services ASA via Thomson Reuters ONE