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Marine Seismic Acquisition Capacity is Increasing Streamers 700 600 500 400 300 200 100 0 58% capacity increase from 2005 to end 2008 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008E 2009E 2010E Total Streamers Worldwide (Usual Configuration) Total Vessels Worldwide 80 70 60 50 40 30 20 10 0 Vessels • Total streamers used expected to rise – ~15% in 2008 over 2007 – ~28% in 2009 over 2008 – ~17% in 2010 over 2009 • <strong>PGS</strong> streamer count expected to rise 1) – ~2% in 2008 over 2007 1) – ~20% in 2009 over 2008 1) – ~15% in 2010 over 2009 Higher E&P spending and more complex surveys absorbs capacity increase 1) Excluding Ramform Victory Source: <strong>PGS</strong> Internal Estimate May 2008 Total Streamers Worldwide and Total Vessels Worldwide are estimates of 6+ streamers 3D vessels -16-
Technology Challenges- Exploration in Complex Areas GeoStreamer: Imaging through complex geology Conventional • Implementation on track GeoStreamer – Excellent data quality recorded by Akademik Fersman in Australia – 2D and 3D spreads on schedule – first 3D spread Q4, 2008 – MC2D in Mediterranean in August – Excellent client response to technology GeoStreamer combines two different sensors yielding Enhanced resolution, Better penetration and Improved efficiency due to deeper tow -17-
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 and 10: Continued High Order Backlog for PG
Page 11 and 12: Largest Ever HD4D Campaign Ideally
Page 13 and 14: Drivers of Productivity • Fleet e
Page 15: 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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