Petroleum Geo-Services ASA: President & CEO Jon Erik Reinhardsen Retires

May 29, 2017: Oslo, Norway, Petroleum Geo-Services ASA  ("PGS" or "the Company")
today announce that President & CEO Jon Erik Reinhardsen (60) has informed the
Board of Directors that he wishes to retire, in accordance with his employment
contract. The Board has accepted August 31, 2017 as his last day of service, and
initiated the process to find his successor.

Chairperson Walter Qvam said in a statement:

"We are grateful for Jon Erik Reinhardsen's strong and very capable leadership
of PGS during 10 important years for the Company. He has led the Company through
the challenging years of the financial crisis and recently the oil price fall.
During this period PGS has become the world's leading marine seismic acquisition
company through a strategic decision to upgrade the Company's Ramform fleet with
the most productive acquisition vessels in the world, equipped with the state of
the art GeoStreamer technology. PGS has as well taken a leadership position
within its MultiClient and Imaging businesses through efficiency gains and
quality improvements.

After the recent successful refinancing and with the considerably reduced cost
base, the Company is now well-positioned to take advantage of future market
opportunities."

Jon Erik Reinhardsen commented:

"I am honored to have met and worked with so many great people during my tenure
at PGS. I thank colleagues and the Board for all their support and great
cooperation and look forward to following their future success."



FOR DETAILS, CONTACT:

Bård Stenberg, VP IR & Corporate Communications
Mobile: +47 992 45 235

Walter Qvam, Chairperson of the Board of Directors
Mobile: +47 905 25 226



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Petroleum Geo-Services ("PGS" or "the Company") is a focused Marine geophysical
company that provides a broad range of seismic and reservoir services, including
acquisition, imaging, interpretation, and field evaluation. The Company's
MultiClient data library is among the largest in the seismic industry, with
modern 3D coverage in all significant offshore hydrocarbon provinces of the
world. The Company operates on a worldwide basis with headquarters in Oslo,
Norway.


PGS has a presence in 17 countries with regional centers in London, Houston and
Kuala Lumpur. Our headquarters is in Oslo, Norway and the PGS share is listed on
the Oslo stock exchange (OSE: PGS).

For more information on Petroleum Geo-Services visit www.pgs.com.

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The information included herein contains certain forward-looking statements that
address activities, events or developments that the Company expects, projects,
believes or anticipates will or may occur in the future. These statements are
based on various assumptions made by the Company, which are beyond its control
and are subject to certain additional risks and uncertainties. The Company is
subject to a large number of risk factors including but not limited to the
demand for seismic services, the demand for data from our multi-client data
library, the attractiveness of our technology, unpredictable changes in
governmental regulations affecting our markets and extreme weather conditions.
For a further description of other relevant risk factors we refer to our Annual
Report for 2016. As a result of these and other risk factors, actual events and
our actual results may differ materially from those indicated in or implied by
such forward-looking statements. The reservation is also made that inaccuracies
or mistakes may occur in the information given above about current status of the
Company or its business. Any reliance on the information above is at the risk of
the reader, and PGS disclaims any and all liability in this respect.

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