Petroleum Geo-Services ASA Pareto Securities Oil and Offshore Conference Jon Erik Reinhardsen, President and CEO Oslo, September 13, 2013
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 Marine Data Processing Contract MultiClient Operations & Technology Marine market Diverse Productivity Technology leadership MultiClient library leadership differentiation Ca 50% of 2011 Ca…
Strong Balance Sheet Position - Key Figures Quarter ended June 30 December 31 USD million 2012 2011 2011 Total assets 2 921.9 2 978.8 3 137.2 MultiClient Library 318.8 344.4 334.1 Shareholders' equity 1 798.1 1 767.2 1 771.7…
Comfortable Order Book 900 Order book of USD 623 800 million end August 700 In addition USD 240 million about to be signed 600 USD million 500 Approximately 95% of 3D 400 capacity booked for Q4 2012 300 at Q3 pricing 70%…
Solid Market Activity 3 500 3 000 A number of large contracts 2 500 have recently been awarded Building industry order book USD million 2 000 Still healthy level of All 1 500 Sales Leads 2013 North Sea projects 1 000…
Seismic Demand Expected to Continue to Grow North Sea/Norw. Arctic: Growing Sea: Stable, strong demand for market, renewed exploration 3D exploration interest seismic by opening of and major driver of the Russian arctic price increases…
Healthy Growth in Demand While Supply Tapers Off 450 400 Total 3D volume in '000 sq.km. 350 300 From 2006 to end 2011 demand 250 for seismic has grown by more 200 than 70% measured in sq.km. 150 100 50 Growth in 12 is…
MultiClient Share is Increasing 300 Total Marine 3D Seismic Market Raises barriers to entry for the industry 250 3D volume in '000 sq.km. Delivers higher profitability and less 200 volatility through cycles 150 Requires more…
New Build Program on Track Keel laying from August 29 and hull assembly started immediately after -12-
The Ultra High-end Segment: Several Production Records for The Fleet to Beat Ramform S-class Monthly production record: 3,056 sq. km acquired Weekly production record: 919 sq.km acquired Daily production record: 143.6 sq.km.…
GeoStreamer: The New Business and Technology Platform GeoStreamer GS: SWIM: Offers the full de- GeoStreamer ghosting solution enhanced imaging The GeoStreamer Platform: Gives higher resolution, better depth imaging and…
GeoStreamer GS: A Second Layer of Differentiation Conventional GeoStreamer GeoStreamer GS Conventional GeoStreamer -15- GeoStreamer GS
SWIM - GeoStreamer Enhanced Imaging: Another Layer of Differentiation Depth Processing of GeoStreamer Depth conventional separates up- and streamer data only down-going wave- uses primaries for fields allowing for subsurface…
SWIM a Step Change for Imaging and Acquisition Enhanced illumination leads to: Sharper definition of the subsurface improved imaging Imaging of shallow targets with wider streamer spread higher productivity Extended coverage close to…
PGS Outlook Oil companies are proactive in securing capacity and the market momentum going into 2013 looks good Solid bidding activity in all regions drives visibility and pricing GeoStreamer demand is stronger than ever 2 new…
In Conclusion A Focused Marine Seismic Company Productivity & scale Building new Ramform Titan-class vessels Leading 3D MultiClient library return Strong operational capabilities Technology differentiation Leading edge Data…
Petroleum Geo-Services ASA Q&A Pareto Securities Oil and Offshore Conference Jon Erik Reinhardsen, President and CEO Oslo, September 13, 2013
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