DECEMBER 19, 2003: OSLO, NORWAY; HOUSTON, TEXAS - Petroleum Geo-Services ASA (`PGS`) (OSE: PGS; OTC: PGEOY) announced today that Sverre Skogen is appointed President of PGS Production AS, and Senior Vice President Petroleum Geo-Services ASA, effective January 12, 2004.
Sverre Skogen has 16 years of managerial experience in business and project management , and most recently held the position of President and CEO of Kværner Oil & Gas Division. More information about Mr. Skogen can be found on the PGS website www.pgs.com.
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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.