CGG VERITAS : CGGVeritas Awarded Three-Year Contract in Oman
06/08/2012| 01:35am US/Eastern
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CGGVeritas (Paris:GA) (NYSE:CGV) announced today that Ardiseis, its
regional joint venture with TAQA in Oman and the wider Middle East
region, has been awarded a three-year firm contract with an option for a
further one-year extension for the high-channel-count, high-productivity
3D land seismic operations it is currently conducting in Oman on behalf
of Petroleum Development Oman (PDO). This contract award marks over 20
years of continuous land seismic presence by CGGVeritas in Oman.
A step-change in the resolution of the seismic imaging is expected at
all subsurface target levels, through implementation of a high-density
acquisition configuration deploying the Sercel Nomad 90 vibrator, the
highest-force vibrator available in the industry, and the CGGVeritas
proprietary high-end broadband vibroseis technique, EmphaSeis. These two
new technologies will enable improved penetration of the seismic signal,
resulting in a high-density dataset containing frequencies down to 1.5Hz.
Jean-Georges Malcor, CEO, CGGVeritas, said: "This contract is a fitting
reward for our Ardiseis Oman crew. It has consistently shown total
dedication to delivering the highest data quality and productivity while
maintaining an impeccable HSE performance, having announced in February
20 million man-hours of continuous operations without a Lost-Time
Incident (LTI). We are very proud that this level of survey excellence
is the result of the strong commitment we share with both our Ardiseis
partner TAQA and our client PDO who have renewed their confidence in our
expertise and high-end technologies for the coming years."
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:
Christophe Barnini, +33 1 64 47 38 11
invrelparis@cggveritas.com
or
Group
Communications:
Antoine Lefort, +33 1 64 47 34 89
media.relations@cggveritas.com
© Business Wire 2012
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