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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
PETROLEUM GEO-SVCS
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
716597109
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(CUSIP Number)
Check the following box if a fee is being paid with this statement X. (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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Page 2 of 3 pages
CUSIP NO. 716597109
13G
(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. Of Above Person
State of Wisconsin Investment Board
39-6006423
(2) Check the Appropriate Box if a Member of a Group *
(a) ____ (b) ____
Not Applicable
(3) SEC Use Only
(4) Citizenship or Place of Organization Madison, Wisconsin
Number of Shares (5) Sole Voting Power 2,016,000
Beneficially
Owned by Each (6) Shared Voting Power Not Applicable
Reporting Person
With (7) Sole Dispositive Power 2,016,000
(8) Shared Dispositive Power Not Applicable
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,016,000
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares * Not Applicable
(11) Percent of Class Represented by Amount in Row (9) 7.79
(12) Type of Reporting Person EP (Public Pension Fund)
* SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 3 pages
ITEM 1. ISSUER
(a) Petroleum Geo-Svcs
(b) Standveien SE, P.O. Box 89,
Lysaker, Norway N-1324
ITEM 2. PERSON FILING
(a) State of Wisconsin Investment Board
(b) P.O. Box 7842
Madison, WI 53707
(c) Wisconsin State Agency
(d) See cover page
(e) See cover page
ITEM 3. THIS STATEMENT IF FILED PURSUANT TO 13-d-1(b) OR 13d-2(b) AND THE
STATE OF WISCONSIN INVESTMENT BOARD IS A GOVERNMENT AGENCY WHICH
MANAGES PUBLIC PENSION FUNDS SUBJECT TO PROVISIONS COMPARABLE TO
ERISA.
ITEM 4. OWNERSHIP
(a) See Row 9 on Page 2
(b) See Row 11 on Page 2
(c) The State of Wisconsin Investment Board retains sole voting and
dispositive power for all shares.
ITEM 5. IF THIS STATEMENT IS BEING FILED TO REPORT THE FACT THAT AS OF THE
DATE HEREOF THE REPORTING PERSON HAS CEASED TO BE THE BENEFICIAL
OWNER OF MORE THAN FIVE PERCENT OF THE CLASS OF SECURITIES,
CHECK THE FOLLOWING
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ITEM 6. NOT APPLICABLE
ITEM 7. NOT APPLICABLE
ITEM 8. NOT APPLICABLE
ITEM 9. NOT APPLICABLE
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
After reasonable inquiry to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
June 10, 1996
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Date
/s/ George Natzke
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Signature
George Natzke, Administrator
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Name/Title
