OLSO, Norway, Oct. 27, 2003 (PRIMEZONE) -- Petroleum Geo-Services ASA (debtor in possession) ("PGS" or the "Company") (OSE:PGS) (Other OTC:PGOGY) expects to announce its third quarter 2003 financial results at approximately 3:30 p.m. Central European Time (CET) (9:30 a.m. Eastern Time (ET)) on Thursday, October 30, 2003. A press conference will be held in the PGS offices at Lysaker, Oslo Thursday October 30 at 3:30 p.m. CET. A presentation will be given to analysts at 4:00 p.m. CET in the same location. Live audio together with the presentation will be broadcasted on the PGS web site, starting promptly at 4:00 p.m. CET. Please go to: www.PGS.com and click on the link, at least 15 minutes before, to register and download and install any necessary audio software.
Petroleum Geo-Services is a technologically focused oilfield service company principally involved in geophysical and floating production services. PGS provides a broad range of seismic- and reservoir services, including acquisition, processing, interpretation, and field evaluation. PGS owns and operates four floating production, storage and offloading units (FPSO's). PGS operates on a worldwide basis with headquarters in Oslo, Norway. For more information on Petroleum Geo-Services visit www.pgs.com.