Petroleum Geo-Services 2008 First Quarter Results, Webcast and Conference Call Contact Details


OSLO, Norway, April 18, 2008 (PRIME NEWSWIRE) -- Petroleum Geo-Services ASA ("PGS" or the Company) (Pink Sheets:PGSVY) (Oslo:PGS) will, as previously announced, release its 2008 first quarter financial results on Thursday, May 8, 2008 at approximately 8:00 a.m. Central European Time (CET).

A presentation has been scheduled the same day at 9:00 a.m. CET at PGS' Headquarters at Lysaker, Norway. The event will be webcast live and available for replay shortly after. A conference call has been scheduled the same day at 3:00 p.m. CET (9:00 a.m. ET). The contact details for this service are listed below.

The news release concerning the 2008 first quarter financial results and a corresponding slide presentation will be posted at Petroleum Geo-Services' website, www.pgs.com. Interested parties can watch the webcast over the Internet and listen to the conference call by telephone.

To watch the webcast over the Internet, please visit PGS' website, www.pgs.com, at least 10 minutes early, to register and to download and install any necessary software.

To access the conference call scheduled at 3:00 p.m. CET by telephone, please dial-in at the number provided below, corresponding to your location. The conference ID is 4215548.


               Location             Dial-In Number
               Norway (toll free)   800 19 640
               International (toll) +44 (0)20 7806 1956
               U.K. (toll free)      0800 028 1277
               U.S. (toll free)      800 19 640

The telephone will be open for questions at the conclusion of management's remarks. A replay will be made available at PGS' website, www.pgs.com within 24 hours. Alternatively, a digital replay will be available shortly after the conclusion of the conference call through Thursday, May 15, 2008. The access number for this service is 4215548 followed by # (pound-sign). Please access the replay by dial-in at the number provided below.


               Location             Dial-In Number
               International (toll) +44 (0)20 7806 1970
               U.K. (toll free)      0800 559 3271
               U.K. (local)          +44 (0)20 7806 1970
               U.S. (toll free)      1866 239 0765

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.

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 as disclosed by the Company in its Annual Report on Form 20-F for the year ended December 31, 2006, as filed with the U.S. Securities and Exchange Commission. As a result of these factors, actual events may differ materially from those indicated in or implied by such forward-looking statements.

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