PGS - EARNINGS RELEASE DATE 4Q 2000


Petroleum Geo-Services Announces Earnings Release Date and Conference Call for Fourth Quarter and Year-End 2000 Results

Houston, Texas; Oslo, Norway; January 30, 2001: Petroleum Geo-Services ASA (NYSE:PGO; OSE:PGS) announced today that it will report fourth quarter and year-end December 31, 2000 results on Wednesday, February 21, 2001 at 7:30 a.m. Eastern Time. That same morning, Wednesday, February 21, 2001 at 9:30 a.m. Eastern Time, the Company has scheduled a conference call to discuss the details of the earnings results announced earlier that day.

To access the call, which is open to the public, please call the conference call operator at 888-399-7388 or 312-470-0074 for international callers, 15 – 20 minutes prior to the scheduled start time, and ask for the "PGS conference call". There will be a digital replay of the conference call beginning at 11:00 a.m. Eastern Time on the day of the call through Wednesday, February 28, 2001 at 800-627-9591 or 402-220-0237 for those calling from outside the U.S., passcode "PGS conference call".

Interested parties may also listen to the conference call and replay on Petroleum Geo-Services’ web site at www.pgs.com. Petroleum Geo-Services suggests that you connect to the site at least 15 – 20 minutes prior to the live, listen-only audio webcast of the conference call on Wednesday, February 21, 2001 to ensure adequate time for any software download that may be needed to hear the call.