Vessel Allocation Q2 2009>
Vessel Allocation Q2 2009
(Thomson Reuters ONE) - July 3, 2009: Oslo, Norway, Petroleum Geo-Services ASA ('PGS' or the'Company') routinely releases information about vessel utilizationaround the end of each quarter.Summary of vessel utilization:+-------------------------------------------------------------------+| Approximate allocation of PGS | Quarter ended | Quarter ended || total 3D towed streamer capacity | June 30, | March 31, ||-----------------------------------+---------------+---------------|| | 2009 | 2008 | 2009 ||-----------------------------------+--------+------+---------------|| Contract seismic | 46% | 70% | 77% ||-----------------------------------+--------+------+---------------|| MultiClient seismic | 40% | 14% | 9% ||-----------------------------------+--------+------+---------------|| Steaming | 9% | 13% | 9% ||-----------------------------------+--------+------+---------------|| Yard | 5% | 3% | 5% ||-----------------------------------+--------+------+---------------|| Standby | 0% | 0% | 0% |+-------------------------------------------------------------------+MultiClient activity in Q2 2009 was predominantly done in Brazil andthe North Sea. The high MultiClient activity in Q2 is in line withthe Company's earlier announced plan for the year.As previously announced PGS plans to release its Q2 2009 financialresults on Thursday, July 23, 2009, at approximately 8:00 am CentralEuropean Time (CET).FOR DETAILS, CONTACT:Bård Stenberg, Investor Relations ManagerPhone: +47 67 51 43 16Mobile: +47 99 24 52 35US Investor ServicesPhone: +1 281 509 8712 ****Petroleum Geo-Services is a focused geophysical company providing abroad range of seismic and reservoir services, including acquisition,processing, interpretation, and field evaluation. The company alsopossesses the world's most extensive multi-client data library. PGSoperates on a worldwide basis with headquarters at Lysaker, Norway.For more information on Petroleum Geo-Services visit www.pgs.com. ****The information included herein contains certain forward-lookingstatements that address activities, events or developments that theCompany expects, projects, believes or anticipates will or may occurin the future. These statements are based on various assumptions madeby the Company, which are beyond its control and are subject tocertain additional risks and uncertainties. The Company is subject toa large number of risk factors including but not limited to thedemand for seismic services, the demand for data from ourmulti-client data library, the attractiveness of our technology,unpredictable changes in governmental regulations affecting ourmarkets and extreme weather conditions. For a further description ofother relevant risk factors we refer to our Annual Report for 2008.As a result of these and other risk factors, actual events and ouractual results may differ materially from those indicated in orimplied by such forward-looking statements. The reservation is alsomade that inaccuracies or mistakes may occur in the information givenabove about current status of the Company or its business. Anyreliance on the information above is at the risk of the reader, andPGS disclaims any and all liability in this respect.http://hugin.info/115/R/1326996/312536.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 03.07.2009 - 08:35 Uhr
Sprache: Deutsch
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