TN PETRÓLEO

PGS Mexicana, S.A. de C.V., a wholly owned subsidiary of Petroleum Geo-Services ASA, has been awarded a contract by Pemex for an onshore seismic survey in the states of Veracruz and Puebla, Mexico. The survey will be carried out from 2008 to 2012. The area to be surveyed is more than two thousand square kilometers, or more than 20 times the size of Manhattan. The total contract value amounts to approximately US $165 million.


The contract, starting in September 2008, includes both data acquisition and processing and covers an area of 2,080 square kilometers. PGS has been successfully providing onshore seismic services in Mexico since the year 2000.


"Pemex shows great confidence in PGS by trusting us with this survey in a strategically important area. This contract is a confirmation of our strong commitment to Mexico," commented Jon Erik Reinhardsen, CEO of PGS.