2 MB - PGS

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Ramforms Have the Lead in a Growing HD3D Segment ity in HD3D segme ent % activ 70 60 50 40 30 20 10 0 • HD3D has grown significantly over the last 4 years – Both in absolute size and in share of total activity • In 2010, HD3D was around 30% of total market in sq.km. and significantly more in terms of revenue • The Ramform fleet has consistently captured a large share of the HD3D segment – In 2011 Ramform capacity will be approximately 75% of PGS total 2003 2004 2005 2006 2007 2008 2009 2010 • HD3D market is less cyclical l than Ramform HD3D as % of total activity exploration seismic and with more attractive margins rest of industry HD3D as % of total activity -16-
Favorably Positioned on the Industry Cost Curve Excluding GeoStreamer productivity effect ative cash cost ef Rela eamer per day fficiency per stre █ PGS Ramform Vessels █ Other PGS vessels Decomissioned vessels PGS fleet is positioned to generate the industry’s best margins 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 15 streamers, S-class with 14 streamers and the V-class with 12 streamers. -17-
Page 1 and 2: ABG Sundal Collier Oil Services Day
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: PGS Ordering W-Class Ramforms • T
Page 19 and 20: Ramforms Setting new Standards in P
Page 21 and 22: On Track Towards Full GeoStreamer D
Page 23 and 24: Data Processing &Technology: Buildi

2 MB - PGS

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