CGGVeritas Announces Multi-Year Extension of Oman Processing Contract
04 Dezembro 2008 - 4:00AM
PR Newswire (US)
PARIS, December 4 /PRNewswire-FirstCall/ -- CGGVeritas (ISIN:
0000120164 - NYSE: CGV) announced today that it has been awarded a
multi-year contract extension by Petroleum Development Oman (PDO)
to perform seismic data processing and imaging services at its Mina
Al Fahal site. The contract extension is expected to commence
January 2009 and continue through 2011 with an option to extend for
an additional year. The dedicated processing center, through which
CGGVeritas has delivered innovative processing technology and
service excellence to PDO for the last 14 years, recently underwent
a significant IT upgrade to best address the processing challenges
of PDO's new-generation, wide azimuth 3D seismic survey currently
underway in Southern Oman. Ardiseis, the CGGVeritas joint venture
in the Middle East, is acquiring high-productivity 3D survey with a
25,000 channel count crew operating 24 hours per day. Chairman and
CEO of CGGVeritas, Robert Brunck, stated: "We are extremely pleased
that PDO is continuing its long-term relationship with CGGVeritas,
as market leader in dedicated advanced processing and imaging
centers. This contract extension to process the wide azimuth survey
comes just two months after the award to extend and upgrade our
land seismic acquisition contract with PDO. It further demonstrates
the confidence that PDO has in our advanced technology, expertise
and service excellence as well as underlines the leadership
position that CGGVeritas and its joint venture Ardiseis have in the
growing high-end segment of the seismic market." 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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