PGS ASA - Regulatory Filings 2021

PGS ASA: Contract Award in West Africa

December 13, 2021: Oslo, Norway, PGS is awarded a 3D exploration contract in

West Africa. A Ramform Titan-class vessel is scheduled to commence early

February 2022 and will complete mid-March.

"We are very pleased with this contract award, and it proves that exploration

continues to be an important part of our customers' activities. The contract

adds to our order book visibility for Q1 next year", says President & CEO in

PGS, Rune Olav Pedersen.

FOR DETAILS PGS, CONTACT:

Bård Stenberg, VP IR & Corporate Communication

Mobile: +47 99 24 52 35

PGS ASA and its subsidiaries ("PGS" or "the Company") is an integrated marine

geophysics company, which operates world-wide. The Company supports the energy

industry, including oil and gas, offshore renewables, carbon capture and

storage. PGS' headquarter is in Oslo, Norway and the PGS share is listed on the

Oslo stock exchange (OSE: PGS). For more information about PGS visit www.pgs.com

(http://www.pgs.com/).

The information included herein contains certain forward-looking statements that

address activities, events or developments that the Company expects, projects,

believes or anticipates will or may occur in the future. These statements are

based on various assumptions made by the Company, which are beyond its control

and are subject to certain additional risks and uncertainties. The Company is

subject to a large number of risk factors including but not limited to the

demand for seismic services, the demand for data from our multi-client data

library, the attractiveness of our technology, unpredictable changes in

governmental regulations affecting our markets and extreme weather conditions.

For a further description of other relevant risk factors we refer to our Annual

Report for 2020. As a result of these and other risk factors, actual events and

our actual results may differ materially from those indicated in or implied by

such forward-looking statements. The reservation is also made that inaccuracies

or mistakes may occur in the information given above about current status of the

Company or its business. Any reliance on the information above is at the risk of

the reader, and PGS disclaims any and all liability in this respect.

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