Third Quarter 2018 Results
(WorldNews Norway)

Note: Petroleum Geo-Services ASA and its subsidiaries (`PGS` or `the Company`) implemented the new revenue recognition standard, IFRS 15, as the Company`s external financial reporting method. This change, which took effect January 1st2018, impacts the timing of revenue recognition for MultiClient pre-funding revenues and related amortization. For internal management purposes PGS continues to use the revenue recognition principles applied in previous years, which are based on percentage of completion, and use this for numbers disclosed as Segment Reporting. See Note 15 for definitions of terms discussed in this report. See Note 16 for a description of the change in revenue recognition...