CGGVeritas Announces Award for Ultra High-Density Land Seismic Contract
26 8월 2008 - 2:55PM
PR Newswire (US)
PARIS, France, August 26 /PRNewswire-FirstCall/ -- CGGVeritas
(ISIN: 0000120164 - NYSE: CGV) has been awarded a contract by Qatar
Petroleum to undertake a large, ultra high-density high-resolution
onshore seismic survey. The expected value of the contract is
approximately $140 million dollars. Work on the project will
commence around year-end 2008 and is anticipated to have a duration
of about thirty months. The survey will cover the Dukhan field in
Qatar that extends under desert plains, coastal salt flats,
transition zones and shallow water areas. To ensure that this
complex and industry-first high-resolution survey delivers the best
results, CGGVeritas will provide the full range of acquisition and
processing services deploying a 40,000-channel seismic crew, 3D VSP
(Vertical Seismic Profile) and imaging services. According to
Robert Brunck, Chairman and CEO of CGGVeritas: "This industry-first
survey will generate the highest possible resolution seismic image
of the reservoir. A survey of this density was made feasible based
on the results of our extensive research and development to create
unique technologies and methodologies for continued improvement of
image quality and increased efficiency of operations. This
combination best addresses our customer's needs for very
high-resolution solutions. Considering its volume, density and
technical requirements, this contract also reinforces the position
of CGGVeritas and its regional joint venture, Ardiseis, as the
worldwide leader in the growing high-end seismic segment". About
CGGVeritas CGGVeritas (http://www.cggveritas.com/) is a leading
international pure-play geophysical company delivering a wide range
of technologies, services and equipment through Sercel, to its
broad base of customers mainly throughout the global oil and gas
industry. CGGVeritas is listed on the Euronext Paris SA (ISIN:
0000120164) and the New York Stock Exchange (in the form of
American Depositary Shares, NYSE: CGV). Investor Relations Contacts
Paris: Christophe Barnini Tel: +33-1-64-47-38-10 E-Mail: Houston:
Hovey Cox Tel: +1-832-351-8821 E-Mail: DATASOURCE: CGGVeritas
CONTACT: Investor Relations Contacts, Paris: Christophe Barnini,
Tel: +33-1-64-47-38-10, E-Mail: ; Houston: Hovey Cox, Tel:
+1-832-351-8821, E-Mail:
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