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Continued High Bidding Activity Marine Seismic Acquisition 2,500 • Tendering activity 1) at very high levels USD million 2,000 1,500 1,000 500 - feb.04 mai.04 aug.04 nov.04 Active Tenders feb.05 mai.05 aug.05 nov.05 feb.06 mai.06 aug.06 nov.06 feb.07 mai.07 aug.07 nov.07 feb.08 All Sales Leads (Including Active Tenders) • Larger surveys have seen strong growth since 2004 1) Source: <strong>PGS</strong> Internal Estimate as of April 2008, Active Tenders and All Sales Leads 3D Contract Seismic only. -10-
Largest Ever HD4D Campaign Ideally suited for Ramform Sovereign • Confirming unique position in Brazil • Proving uniqueness of the most advanced vessel in the industry • Contract value USD 180-200 mill • Covering 4,945 km² + the Alternative Program of 120 days • 18 streamers x 6,000m streamer length x 50m streamer separation • Or 14 streamers x 8,000m x 50m -11-
Page 1 and 2: Petroleum Geo-Services ASA Petroleu
Page 3 and 4: Financial Summary Revenues Adjusted
Page 5 and 6: The World’s Most Advanced Seismic
Page 7 and 8: Demand for Energy Will Increase Oil
Page 9: Continued High Order Backlog for PG
Page 13 and 14: Drivers of Productivity • Fleet e
Page 15 and 16: Technology Challenges- Exploration
Page 17 and 18: Technology Challenges- Exploration
Page 19 and 20: Towed EM: Potential Revolution in E
Page 21 and 22: PGS Value Drivers • Productivity

1 MB - PGS

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