Houston, Texas; Oslo, Norway; March 6, 2002: Petroleum Geo-Services ASA (NYSE:PGO; OSE:PGS) announced today that it will release its earnings for 2001 on Monday, March 11, 2002. The results are expected to be released before the market opens. Following the earnings release, the Company will hold a conference call at 9:30 a.m. Eastern, 8:30 a.m. Central to discuss the results for the fourth quarter and full year ending December 31, 2001.
To access the call, which is open to the public, please call the conference call operator at 888-810-5901 or +1-712-271-3216 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 Monday, March 18, 2002 at 800-925-0904 or +1-402-998-0864 for those calling from outside the U.S.
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 scheduled on Monday, March 11, 2002 to ensure adequate time for any software download that may be needed to hear the call.
Petroleum Geo-Services is a technologically focused oilfield service company principally involved in two businesses: Geophysical Operations and Production Operations. PGS acquires, processes and markets 3D, time-lapse and multi-component seismic data. These data are used by oil and gas companies in the exploration for new reserves, the development of existing reservoirs, and the management of producing oil and gas fields. PGS' advanced geophysical technologies allow oil and gas companies to better characterize and monitor their reservoirs in order to enhance production and ultimate recovery of hydrocarbons. In its Production Operations business, PGS owns four floating production, storage and offloading systems ("FPSOs") and operates numerous offshore production facilities for oil and gas companies. FPSOs permit oil and gas companies to produce from offshore fields more quickly and cost effectively. PGS operates on a worldwide basis with headquarters in Oslo, Norway and Houston, Texas.