Petroleum Geo-Services ASA: Claim Against Arrow Seismic ASA From CGGVeritas

Monday July 7, 2:20 am ET

OSLO, Norway, July 7, 2008 (PRIME NEWSWIRE) — Petroleum Geo-Services ASA (‘PGS’ or the ‘Company’) announced today that its subsidiary Arrow Seismic ASA (‘Arrow’) has received a writ of summons to Asker og Baerum Tingrett from Compagnie Generale de Geophysique — Veritas (‘CGGVeritas’) where CGGVeritas claims compensation from Arrow of approximately US$70 million.