P t l Petroleum Geo-Services G S i ASA Pareto Securities Oil and Offshore Conference Jon Erik Reinhardsen, President and CEO Oslo, September 1, 2011
Cautionary Statement This presentation contains forward looking information Forward looking information is based on management assumptions and analyses Actual experience may differ, and those differences may be material Forward…
Leading Marine Geophysical Company Data Processing Marine & Technology MultiClient Operations p C t Contractt Marine market Diverse Productivity Technology leadership MultiClient leadership differentiation libraryy…
Consolidated Statements of Financial Position - Key Figures Quarter ended June 30 December 31 USD million 2011 2010 2010 Total assets 2 981 981.8 8 2 728 728.6 6 3 038 038.0 0 MultiClient Library 344.4 349.9 310.8…
PGS and the Seismic Market Steady increase in the total market demand Solid order book Healthy growth in MultiClient and Data Processing Limited PGS Marine Contract capacity p y available through Q1 2012 Primarily conventional…
Market Activity Seasonally low bid activity in Q2 3 500 3 000 High activity levels 2 500 sustained in West Africa and Brazil on USD millio 2 000 1 500 1 000 Bid opportunities in 500 AsiaPacific improving - Strong…
Good Visibility and Momentum 700 600 Order book of USD 627 500 million Visibility of approximately 6 400 months USD milliion 300 Strong GeoStreamer 200 momentum continues 100 0 Significant opportunity basket…
Growth in Capacity Increase Tapering Off 700 600 500 of Streamers s 400 Expected capacity increases 300 9% increase in 2011 200 9% increase in 2012 100 4% increase in 2013 0 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1…
Ramforms Have the Lead in a Growing HD3D Segment HD3D has grown significantly over the 70 last 8 years Both in absolute size and in share of 60 total activity 50 In 2011, HD3D accounts for around 40% off th the ttotal t l…
Favorably Positioned on the Industry Cost Curve Excluding GeoStreamer productivity effect eamer per day ative cash cost effficiency per stre Rela PGS Ramform vessels Other PGS vessels Decommissioned vessels PGS fleet fl t…
On Track Towards Full GeoStreamer Deployment Current GeoStreamer operations Planned GeoStreamer rollout 3D Additional 3D vessels Atlantic Explorer Ramform Vanguard Ramform Challenger scheduled for GeoStreamer Ramform Valiant upgrade…
GeoStreamer GS A Second Layer of Differentiation Source Receiver Source Receiver Source Receiver A step change in bringing higher resolution and better seismic images to clients -14-
GeoStreamer GS improves GeoStreamer Data Quality GeoStreamer GeoStreamer GS GeoStreamer GS - The only ghost free acquisition solution
3rd Year Into North Sea GeoStreamer Strategy MC 3D GeoStreamer data MC 3D data MegaSurveys 2D GeoStreamer lines GeoStreamer improves geological understanding of the sub-surface GeoStreamer is an important tool in the q quest for…
Western Gulf of Mexico (GoM) Lease Sale Crystal III Wide Azimuth GoM lease sale 218 scheduled for December 14, 2011 Crystal C t l III ready d for f delivery d li Crystal III the only MultiClient Wide Azimuth survey in…
New Commercial Products Pipeline Towed EM OptoSeis Permanent Monitoring Great technical results Operationally Jubarte pilot to be installed 2012 Data quality Increasing customer interest The only deepwater certified Attractive…
PGS Value Drivers Focused Marine seismic company Productivity & scale Best-in-class vessel portfolio Leading 3D MultiClient library return Technology differentiator Unparallelled investments in quality and operations…
P t l Petroleum Geo-Services G S i ASA Pareto Securities Oil and Offshore Conference Jon Erik Reinhardsen, President and CEO Oslo, September 1, 2011
Robust Financing with good Maturity Profile Long term Interest Bearing Balance as of Total Credit Financial Covenants Debt June 30, 2011 Line USD 600 million Term Loan (TLB), USD 470.5 Incurrence test: total leverage Libor + 175…
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