OSLO, Norway, June 25, 2008 (PRIME NEWSWIRE) -- Petroleum Geo-Services ASA ('PGS' or the 'Company') announced today that on June 24th there was a fire in one of the auxiliary engines on the seismic vessel Atlantic Explorer, which was operating offshore Senja in Norway. The fire has been extinguished, and the vessel is under tow and retrieving streamers. All evacuated personnel have now returned to the vessel.
The vessel will be examined, and currently the best estimate is that she will resume operations in the coming two to three weeks.
There are no reported injuries; and there is no impact to the environment. There is no damage to the seismic equipment.
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. The Company is subject to a large number of risk factors including but not limited to the demand for seismic services, the demand for data from our multi-client data library, the attractiveness of our technology, unpredictable changes in governmental regulations affecting our markets and extreme weather conditions. For a further description of other relevant risk factors we refer to our Annual Report for 2007. As a result of these and other risk factors, actual events and our actual results may differ materially from those indicated in or implied by such forward-looking statements.