PGS ANNOUNCES THIRD QUARTER 2002 EARNINGS RELEASE AND CONFERENCE CALL


To access the call, which is open to the public, please call the conference call operator at 888-390-0675 or +1-630-395-0037 for international callers, 10–15 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 8:00 p.m. CET, 2:00 p.m. ET on the day of the call through Wednesday, December 4, 2002 at 800-406-7489 or +1-402-220-9099 for those calling from outside the U.S.

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 web cast of the conference call scheduled on Wednesday, November 27, 2002 to ensure adequate time for any software download that may be needed to hear the call.