January 16, 2008: Oslo, Norway, Petroleum Geo-Services ASA ('PGS' or the 'Company') has earlier announced that Svein Rennemo, President and CEO of PGS, will retire from PGS in the second quarter of 2008 in accordance with his contract. This will in practice take place 1 April 2008.
Svein Rennemo is by the nominating committee of StatoilHydro nominated as the new chair of the board of directors. If Mr. Rennemo is elected, he will enter the position as chair of the board of directors of StatoilHydro when he has retired from PGS.
****
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.
--END--
|
FOR DETAILS, CONTACT: |
|
Gottfred Langseth
Phone: +47 67 51 44 10
Mobile: +47 93 05 55 80
Bård Stenberg
Phone: +47 67 51 43 16
Mobile: +47 99 24 52 35
US Investor Services
Katrina Hendrix
Phone +1 281 509 8000
|
