PGS Announces Earnings Release Date and Conference Call for Third Quarter Operating Results

To access the call, which is open to the public, please call the conference call operator at 888-942-8131 or +1-712-271-3624 for international callers, 10-15 minutes prior to the scheduled start time, and ask for the "PGS conference call". There will be a digital replay of the conference call beginning at 11:30 a.m. Eastern Time on the day of the call through Wednesday, October 31, 2001 at 800-879-9147 or 402-220-5352 for those calling from outside the U.S., passcode "PGS conference call".

Interested parties may also listen to the conference call and replay on Petroleum Geo-Services' web site at www.pgs.com. Petroleum Geo-Services suggests that you connect to the site at least 15-20 minutes prior to the live, listen-only audio web cast of the conference call on Wednesday, October 24, 2001 to ensure adequate time for any software download that may be needed to hear the call.