January 27, 2012: OSLO, NORWAY, Petroleum Geo-Services ASA ("PGS" or the "Company") will release its fourth quarter 2011 results on Monday, February 20, 2012 at approximately 8:00 am Central European Time (CET).

A presentation is scheduled the same day at 9:00 am CET at PGS' Headquarters at Lysaker, Norway. The event will be webcasted live and available for replay shortly after. A corresponding conference call is also set up for the presentation scheduled at 9:00 am CET. Contact details for this service is listed below.

An additional conference call is scheduled the same day at 3:00 pm CET. Contact details for this service is listed below.

The earnings release concerning the fourth quarter 2011 results and a corresponding slide presentation will be posted on .  

To watch the webcast over the internet, please visit PGS' web site, , at least 10 minutes early to register and to download and install any necessary software.

To access the conference call scheduled at9:00 amCET, please dial-in at the number provided below, corresponding to your location. The conference ID is 4517923.

Location Dial-In Number
Norway (toll free) 800 56 053
International (toll) +44 (0)20 7136 2055
UK (toll free) 0800 279 4841
US (toll free) 1877 249 9037

The telephone will be open for questions at the conclusion of management's remarks. A digital replay will be available shortly after the conference call until February 27, 2012. The access number for this service is 4517923 followed by # (pound-sign). Please access the replay by dial-in at the number provided below.

Location Dial-In Number
Norway (toll) +47 21 00 04 98
International (toll) +44 (0)20 7111 1244
UK (toll free) 0800 358 7735
US (toll free) 1866 932 5017

To access the conference call scheduled at3:00 pmCET, please dial-in at the number provided below, corresponding to your location. The conference ID is 2604592.

Location Dial-In Number
Norway (toll free) 800 56 054
International (toll) +44 (0)20 7784 1036
UK (toll free) 0800 279 4841
US (toll free) 1877 249 9037

The telephone will be open for questions at the conclusion of management's remarks. A digital replay will be available shortly after the conference call until February 27, 2012. The access number for this service is 2604592 followed by # (pound-sign). Please access the replay by dial-in at the number provided below.

Location Dial-In Number
Norway (toll) +47 21 00 04 98
International (toll) +44 (0)20 7111 1244
UK (toll free) 0800 358 7735
US (toll free) 1866 932 5017
FOR DETAILS, CONTACT:
Bård Stenberg, Investor Relations Manager
Phone:   +47 67 51 43 16
Mobile: +47 99 24 52 35  

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Petroleum Geo-Services is a focused geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The company also possesses the world's most extensive MultiClient data library. PGS operates on a worldwide basis with headquarters at Lysaker, Norway.

For more information on Petroleum Geo-Services visit .

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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