Petroleum Geo-Services ASA : Presentation Material Capital Markets Day 2012

Today PGS holds its annual Capital Markets Day in Oslo, Norway. The event is
scheduled to start at 08:00am CET and the presentation material can be
downloaded at www.newsweb.no or www.pgs.com

The Company's guidance for 2013 is as follows:

* EBITDA in the range of USD 940-980 million
* MultiClient cash investments in the range of USD 300-350 million

* Pre-funding level to be above 110%

* Capital expenditures in the range of USD 500-525 million

* Of which approximately USD 300-325 million to new build program

The event will be webcasted live and available for replay shortly after on
www.pgs.com.

FOR DETAILS, CONTACT:


Bård Stenberg, Investor Relations Manager
Mobile: +47 99 24 52 35

Tore Langballe, SVP Corporate Communications
Mobile: +47 90 77 78 41


This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


[HUG#1665665]