CGG VERITAS : CGGVeritas Announces First BroadSeis Award in the Americas
05/25/2011| 01:35am US/Eastern
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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
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