DnB NOR Markets Oil, Offshore and Shipping Conference - PGS

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Favorably Positioned on the HD3D Industry Cost Curve Excluding GeoStreamer productivity effect ative cash cost ef Rela eamer per day fficiency per stre █ PGS Ramform Vessels █ Other PGS vessels Decommissioned vessels PGS fleet is well positioned to take advantage of a growing and more sustainable HD3D market Source: The cash cost curve is based on PGS’ internal estimates and typical number of streamer towed, and excludes GeoStreamer productivity effect. The graph shows all seismic vessels in the market, both existing and new-builds. The Ramform W-Class is incorporated with 20 streamers, S-class with 18 streamers and the V-class with 16 streamers. -18-
Ramforms Setting new Standards in Productivity • S-class: – 17 x 3600m str. length x 50m sep. • Largest number of streamers ever towed – 12 x 6000m str. length x 120m sep. p • Widest tow ever – 14 x 8100m str. length x 50m sep. • Largest deployment ever • 2 year operation • V-class: – First 17 streamer job scheduled for North Sea season 2011 Ramform S- and V-class tow 16 streamers frequently -19-
Page 1 and 2: DnB NOR Markets Oil, Offshore and S
Page 3 and 4: Leading Marine Geophysical Company
Page 5 and 6: Strongest Balance Sheet in PGS Hist
Page 7 and 8: Drivers for the HD3D Market • Exp
Page 9 and 10: Potential Growth Drivers: High Dema
Page 11 and 12: Solid Order Book USD million 1000 8
Page 13 and 14: Capacity Increase Tapering Off 700
Page 15 and 16: PGS Ordering W-Class Ramforms • T
Page 17: Favorably Positioned on the Industr
Page 21 and 22: On Track Towards Full GeoStreamer D
Page 23 and 24: Data Processing &Technology: Buildi

DnB NOR Markets Oil, Offshore and Shipping Conference - PGS

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