Petroleum Geo-Services ASA : Petroleum Geo-Services ASA : Board Approves IFRS Financial Statements for 2012

Petroleum Geo-Services ASA : Petroleum Geo-Services ASA : Board Approves IFRS
                        Financial Statements for 2012

March 19, 2013: London, United Kingdom. The Board of Directors of Petroleum
Geo-Services ASA ('PGS' or the 'Company') has on March 19, 2013 approved the
2012 annual financial statements prepared in accordance with International
Financial Reporting Standards ("IFRS").

The Company reported its IFRS unaudited 4th quarter and preliminary full year
2012 results on February 14, 2013. There were no changes to the consolidated
statement of operations or the statement of financial position compared to
those presented in the February earnings release.

The Board of Directors proposes a dividend of NOK 1.65 per share for 2012, to
be approved by the Annual General Meeting.

The Company will submit an electronic version of the 2012 annual report to
shareholders in April.


                                     ****

Petroleum Geo-Services is  a focused  marine 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 multi-client  data  library. PGS  operates  on  a 
worldwide basis with headquarters at Lysaker, Norway.

For more information on Petroleum Geo-Services visit www.pgs.com.



FOR DETAILS, CONTACT:
Bård Stenberg, Investor Relations Manager
Phone: +47 67 51 43 16
Mobile: +4799 24 52 35

Tore Langballe, SVP Corporate Communications
Phone: +47 67 51 43 75
Mobile: +4790 77 78 41

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

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Petroleum Geo-Services ASA via Thomson Reuters ONE
HUG#1686337
 
Press spacebar to pause and continue. Press esc to stop.