Compagnie Generale de Geophysique : CGG Wins New Seismic Survey Offshore India
19 Setembro 2005 - 4:00AM
PR Newswire (US)
PARIS, September 19 /PRNewswire-FirstCall/ -- Compagnie Generale de
Geophysique ("CGG" 0000120164 - GEPH.PA - NYSE: GGY) announced that
it has been awarded a major 3D seismic offshore acquisition
contract by ONGC for the third consecutive year in India. This
seismic program is located in deepwater off the eastern coast where
CGG successfully operated during a previous campaign with ONGC in
the first half of 2004. The project comprises a series of surveys
covering a total area of approximately 8,800 sq km. It will be
acquired between November 2005 and June 2006 by three CGG 3D
vessels equipped with full onboard processing using Cog's
proprietary software Geocluster. "This third award, with a value of
112 million M$, will strengthen the very good working relationship
we have already established with ONGC over the last three years.
These large-scale offshore operations and the related data
processing work will give our two companies another opportunity to
demonstrate the depth of our collaboration," stated Christophe
Pettenati-Auziere, CGG's President Geophysical Services. CGG is a
global participant in the oilfield services industry, providing a
wide range of seismic data acquisition, processing and reservoir
services to clients in the oil and gas exploration and production
business. It is also a global manufacturer of geophysical equipment
through its subsidiary Sercel. The information included herein
contains certain forward-looking statements within the meaning of
Section 27A of the securities act of 1933 and section 21E of the
Securities Exchange Act of 1934. These forward-looking statements
reflect numerous assumptions and involve a number of risks and
uncertainties as disclosed by the Company from time to time in its
filings with the Securities and Exchange Commission. Actual results
may vary materially. Contact: Christophe Barnini +33-1-64-47-38-11
Email: Internet: http://www.cgg.com/ DATASOURCE: Compagnie Generale
de Geophysique CONTACT: Christophe Barnini, +33-1-64-47-38-11,
Email:
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