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PGS 2005 First Quarter Results, Presentation, Webcast and Conference Call Contact Details

    OSLO, Norway, May 13 /PRNewswire-FirstCall/ -- Petroleum Geo-Services ASA
("PGS" or the "Company") (NYSE: PGS; OSE:) as previously announced, will
release its 2005 first quarter financial results on Tuesday, May 24, 2005. The
results will be released at approximately 8:00 a.m. Central European Time
(CET).
    A presentation has been scheduled the same day at 9:00 am (CET) at PGS'
Headquarters at Lysaker Norway.
    A webcast and conference call have also been scheduled the same day at
2:00 p.m. CET (8:00 a.m. ET), to discuss PGS' first quarter results. The
contact details for this service are detailed below. As previously announced,
the release and the slide presentation will be based on U.S. GAAP.
    The news release concerning the 2005 first quarter financial results and a
corresponding slide presentation will be posted at Petroleum Geo-Services' web
site at http://www.pgs.com.  Interested parties can listen to the conference
call and management's remarks to the slide presentation over the Internet or
by telephone.
    To participate on the simulcast of the conference call over the Internet,
please visit PGS' web site, http://www.pgs.com, at least 15 minutes early, to
register and to download and install any necessary audio software.
    Alternatively, to access the live broadcast of the conference call by
telephone, please dial-in at the number provided below, corresponding to your
location:

       Location                     Dial-In Number
       U.S. and Canada (Toll-Free): +1 866-238-0638
    ** International (Toll-Free):   +00 800 4363 7976
       International (Toll):        +1 703-639-1157

    ** Participants dialing in from Finland (990), Australia (0011), Hong Kong
       (001), Japan (001), Korea (002), Singapore (001), or Thailand (001)
       should use the designated International Access Code (+) specified here
       in place of (00).

    The telephone will be open for questions at the conclusion of management's
remarks.

    For those that cannot listen to the live conference call, a replay of the
webcast will be made available at PGS' website, http://www.pgs.com.
Alternatively, a digital reply will be available shortly after the conclusion
of the conference call, through Friday, June 3, 2005 at +1 888-266-2081 (U.S.
and Canada Toll Free) or +1 703-925-2533 (International Toll).  Reference
Access Code 700134.

    Petroleum Geo-Services is a technologically focused oilfield service
company principally involved in geophysical and floating production services.
PGS provides a broad range of seismic and reservoir services, including
acquisition, processing, interpretation, and field evaluation.  PGS owns and
operates four floating production, storage and offloading units (FPSOs).  PGS
operates on a worldwide basis with headquarters at Lysaker, Norway.  For more
information on Petroleum Geo-Services visit http://www.pgs.com.

    The information included herein contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. 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 as disclosed by the
Company in its filings with the Securities and Exchange Commission including
the Company's most recent Annual Report on Form 20- F for the year ended
December 31, 2004.  As a result of these factors, actual events may differ
materially from those indicated in or implied by such forward-looking
statements.

     Ola Bosterud
     Sam R. Morrow
     Christopher Mollerlokken
     Phone: +47 6752 6400

     US Investor Services,
     Renee Sixkiller,
     Phone: +1 281 509 8548


SOURCE Petroleum Geo-Services ASA




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Related links:
  • http://www.pgs.com
    CONTACT:
    Ola Bosterud, Sam R. Morrow, or Christopher
    Mollerlokken, +47-6752-6400; or U.S. Investor Services, Renee
    Sixkiller, +1-281-509-8548