Repurchase of shares

June 23, 2010, Oslo, Norway - Petroleum Geo-Services
ASA ("PGS"or the "Company")(OSE and NYSE: PGS)
announces that PGS purchased today 300.000 own shares
on the Oslo Børsat an average price of NOK 68,03 per
share. The shares are purchased to be used in PGS'
employee option program.

Following the transaction PGS holds a total of
600.000 own shares, representing 0,30% of total
shares outstanding.

Contact:
Tore Langballe
Phone: +47 67 51 43 75
Cellular: +47 90 77 78 41