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Wednesday, 12/12/2007 10:14:21 AM

Wednesday, December 12, 2007 10:14:21 AM

Post# of 57
PGS.ol
Current press releases:

http://www.newsweb.no/index.jsp?issuerId=12430&lang=1&fromDate=01.01.2007
Petroleum Geo-Services is a technologically focused oilfield service company involved in providing geophysical services worldwide.



Petroleum Geo-Services REPURCHASE OF SHARES meldepliktig handel

December 4, 2007, Oslo, Norway - Petroleum Geo-
Services ASA (`PGS` or the `Company`) (OSE: PGS)
announces that PGS on December 4, 2007, purchased
380,000 own shares on the Oslo Børs at an average
price of NOK150.46 per share.

Following the transaction PGS holds a total of
4,111,757 own shares, representing 2.28 % of total
shares outstanding.

Contact:
Bård Stenberg
+47 67514316 / mob: +47 992 45 235



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