OLSO, Norway, Feb. 14, 2003 (PRIMEZONE) -- Petroleum Geo-Services ASA (`PGS') (NYSE:PGO) (Oslo:PGS) announced today that it has paid interest on its 8.15% Senior Notes due 2029. The Company previously announced on January 14, 2003 that it would use the 30 day grace period for payment of interest due January 15, 2003 on these notes.
Under the terms of the notes, no default has occurred as the interest payment was made within 30 days of the due date.