Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Euronext Paris  >  CGG    CGG   FR0000120164

CGG (CGG)

2273
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

CGG VERITAS : CGGVeritas Announces First BroadSeis Award in the Americas

05/25/2011 | 01:35am US/Eastern

Regulatory News:

CGGVeritas (Paris:GA) (NYSE:CGV) (ISIN: 0000120164 - NYSE: CGV) announced today that is has signed a contract with Bahamas Petroleum Company PLC to acquire a 3D survey with BroadSeisTM, its superior broadband marine solution.

The survey area, located to the south west of the Bahamas, covers approximately 3,000 km2. The CGGVeritas Viking will acquire the survey starting in May. The full range of frequencies recorded by BroadSeis are expected to provide higher-resolution imaging of Tertiary and Upper and lower Cretaceous formations as well as helping to illuminate the deep Cretaceous-Jurassic reservoir targets which lie beneath the major thrust structures.

Jean-Georges Malcor, CEO of CGGVeritas, said: "This survey is notable for being the first marine 3D survey ever recorded in Bahamas waters and is the first commercial deployment of BroadSeis in the Americas. This award confirms the continued growing interest in the ability of BroadSeis to provide unparalleled resolution and penetration for clearer imaging and reservoir characterization."

About CGGVeritas

CGGVeritas (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 (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).

Investor Relations Contacts:
CGGVeritas
Paris:
Christophe Barnini, +33-16-447-3811
invrelparis@cggveritas.com
or
Houston:
Hovey Cox, +1-832-351-8821
invrelhouston@cggveritas.com


© Business Wire 2011
React to this article
Latest news on CGG
07/01 CGG : Patent Application Titled "Method and Device for Measuring Source Signatur..
06/25 CGG : Results of the Public Exchange Offer for 2019 OCEANE
06/25 CGG : Results of the Public Exchange Offer for 2019 OCEANE
06/05 CGG : First aiders who also tackle 999 calls ; HONOUR: Firm in running for St Jo..
06/03 CGG : Patent Application Titled "Seismic Survey Shot Coordination Apparatus Meth..
06/03 CGG : "Seismic Survey Shot Coordination Apparatus Method and System" in Patent A..
06/03 STERLING ENERGY : Pura Vida Energy: Completion Of 3D Seismic Survey Ambilobe Blo..
06/03 CGG : Sercel Launches the Nomad 90 Neo – its New Super-Heavy Broadband Vib..
06/03 CGG : Launches Lowest-Noise FALCON Plus Airborne Gravity Gradiometry Technology
06/03 CGG : launches lowest-noise FALCON Plus airborne gravity gradiometry technology
Advertisement
Chart
Duration : Period :
CGG Technical Analysis Chart | CGG | FR0000120164 | 4-Traders
Income Statement Evolution
More Financials