Petroleum Geo-Services ASA : Presentation Material Capital Markets Day 2015

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 from www.newsweb.no and www.pgs.com.

The Company's guidance for 2016 is as follows:

* Group cash cost of approximately USD 725 million

* Of which approximately USD 250 million to be capitalized as MultiClient
cash investments


* MultiClient cash investments of approximately USD 250 million

* Pre-funding level of approximately 100%
* Approximately 50% of active vessel time planned for MultiClient


* Capital expenditures of approximately USD 240 million

* Of which new build capex of approximately USD 180 million


* Gross depreciation(*)) of approximately USD 210 million

* Of which approximately USD 90 million to be capitalized as MultiClient
investments


* Gross cash interest expense of approximately USD 60 million

* Of which approximately USD 25 million expected to be capitalized to
MultiClient surveys and new builds in progress

 *) Gross depreciation does not include MultiClient amortization expense.


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

FOR DETAILS, CONTACT:


Bård Stenberg, VP IR & Corporate Communications
Mobile:  +47 99 24 52 35




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



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