JANUARY 15: MUSCAT, OMAN/ OSLO, NORWAY - Petroleum Geo-Services ASA (`PGS`) (NYSE: PGO; OSE: PGS) today announces on behalf of The government of the Sultanate of Oman, Represented by the Ministry of Oil and Gas (MOG):
 
ANNOUNCEMENT OF THE GULF OF OMAN, BLOCKS 18A, 18B AND 41 LICENSING ROUND 2003
 
 
The government of the Sultanate of Oman, Represented by the Ministry of Oil and Gas (MOG) is pleased to announce the opening of the Gulf of Oman, Blocks 18A, 18B and 41 License Round, 2003.
 
This license round is open from today the 15th January and closes on the 15th July. It will comprise of 3 blocks, 18A, 18B and 41, situated in the Gulf of Oman. In total the blocks cover an area of 45 240 sq km's. The block sizes are 7 920 sq km's, 13 520 sq km's and 23 800 sq km's respectively.
 
Closures are of the order of tens to hundreds of square kilometers and reservoirs are potentially stacked in growth-fault roll-over anticlines and collapsed-crest listric fault blocks. Diapir flanks and flower structures provide additional structural closures. Stratigraphic pinch outs are additionally evident in seismic sections.
 
Detailed information regarding the Gulf of Oman Licensing Round 2003 and the PGS GO2002 Oman Survey can be found in the data library on the PGS website, see http://www.pgs.com
 
 
For further information contact:
Hussain Ahmed Al lawati
Director General Oil and Gas Exploration
Ministry of Oil and Gas
Sultanate of Oman
Tel: +968 603789
Fax: +968 602541