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2 MB - PGS

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Favorably Positioned on the HD3D Industry Cost Curve<br />

Excluding GeoStreamer productivity effect<br />

ative cash cost ef<br />

Rela<br />

eamer per day<br />

fficiency per stre<br />

█ <strong>PGS</strong> Ramform Vessels █ Other <strong>PGS</strong> vessels Decommissioned vessels<br />

<strong>PGS</strong> fleet is well positioned to take advantage of a growing and more sustainable<br />

HD3D market<br />

Source: The cash cost curve is based on <strong>PGS</strong>’ internal estimates and typical number of streamer towed, and excludes GeoStreamer productivity effect. The<br />

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<br />

streamers and the V-class with 16 streamers. -18-

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