1、A Clearer Image|Annual Report 2015 Productivity and Technology LeadershipKey Figures Petroleum Geo-Services(PGS)is a focused Marine geophysical company that provides a broad range of seismic and reservoir services,including acquisition,imaging,interpretation,and field evaluation.The Companys MultiCl
2、ient data library is among the largest in the seismic industry,with modern 3D coverage in all significant offshore hydrocarbon provinces of the world.Financial CalendarQ1 2016 Earnings Release May 3,2016 Annual General Meeting May 11,2016 Q2 2016 Earnings Release July 21,2016Q3 2016 Earnings Release
3、 October 27,2016Q4 2016 Earnings Release February 16,2017 32%Contract 36%MultiClient 11%Steaming 3%Yard 18%StandbyVessel Utilization 2015Active Vessel Time 2015 47%Marine Contract53%MultiClientNumber of Patents Granted511 as of year-end 2015454 as of year-end 2014Patents granted under the laws of th
4、e US,the UK and NorwayAverage Number of Active 3D Vessels in 201511662277338844559109Average Number of Active 3D Vessels in 20142ANNUAL REPORT 2015 28%Contract 60%MultiClient 10%Imaging 2%OtherRevenue SplitKey Financial FiguresBusiness Highlights 2015Significant cost reductions sufficient to offset
5、enough of the revenue decline to preserve EBITDA margin at 50 percent,compared to 48 percent in 2014.Solid MultiClient performance in a challenging market.Net debt reduced by approximately$50 million and available liquidity reserve increased by approximately$100 million.Successfully completed a priv
6、ate placement,gross proceeds amounted to NOK 919.6 million.Capital expenditures significantly reduced.Entered into agreements to charter Sanco Swift and Sanco Sword.By chartering the two Sanco vessels PGS went some way in addressing the industrys overcapacity.Imaging capabilities further strengthene