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2015-04-23

Petroleum Geo-Services ASA : PGS Employee Elected Directors

April 23, 2015:
Oslo, Norway,
Petroleum Geo-Services ASA ('PGS' or the 'Company') concluded its election for
Directors to the Board among the employees yesterday. The three employee
elected Directors are:

* Anette Valbø - Corporate Controller, Marine Contract
* Espen Grimstad - Senior Supervisor, Operations
* Berit Osnes - Senior Vice President, MultiClient.

Alternate directors are:

* Atle Aamodt - Senior Vice President, Imaging&Engineering
* Eli Brox - Project Geophysicist, Imaging&Engineering
* Iina Kristensen - Project Geophysicist, Imaging&Engineering

The employee elected Directors will step into their positions as of today.

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| FOR DETAILS, CONTACT: |
| Bård Stenberg |
|, VP Corporate Communications |
| |
|Mobile: +47 99 24 52 35 |
--------------------------------
****

Petroleum Geo-Services ("PGS" or "the Company") is a focused Marine
geophysical company that provides a broad range of seismic and reservoir
services, including acquisition, imaging, interpretation, and field
evaluation. The Company's MultiClient data library is among the largest in
the seismic industry, with modern 3D coverage in all significant offshore
hydrocarbon provinces of the world. The Company operates on a worldwide basis
with headquarters in Oslo, Norway.

For more information on Petroleum Geo-Services visitwww.pgs.com.

****

The information included herein contains certain forward-looking statements
that address activities, events or developments that the Company expects,
projects, believes or anticipates will or may occur in the future. These
statements are based on various assumptions made by the Company, which are
beyond its control and are subject to certain additional risks and
uncertainties. The Company is subject to a large number of risk factors
including but not limited to the demand for seismic services, the demand for
data from our multi-client data library, the attractiveness of our
technology, unpredictable changes in governmental regulations affecting our
markets and extreme weather conditions. For a further description of other
relevant risk factors we refer to our Annual Report for 2014. As a result of
these and other risk factors, actual events and our actual results may differ
materially from those indicated in or implied by such forward-looking
statements.
The reservation is also made that inaccuracies or mistakes may occur in the
information given above about current status of the Company or its business.
Any reliance on the information above is at the risk of the reader, and PGS
disclaims any and all liability in this respect.

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

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Petroleum Geo-Services ASA via Globenewswire

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