CGGVeritas Announces Extension of High Channel Count
30 Septiembre 2008 - 12:00AM
PR Newswire (US)
CGGVeritas Announces Extension of High Channel Count
High-Productivity Seismic Acquisition Multi-Year Contract in Oman
PARIS, September 30 /PRNewswire-FirstCall/ -- CGGVeritas (ISIN:
0000120164 - NYSE: CGV) has been awarded a multi-year contract
extension by Petroleum Development Oman (PDO) to undertake a
high-productivity high-density onshore seismic acquisition project
in Oman. In addition to increasing the number of active vibrator
fleets, the extension doubles crew capacity to 25,000 channels,
making it the largest high-resolution seismic operation in Oman.
Work under the new configuration will commence at the beginning of
2009 and is expected to continue through the first quarter of 2011.
This step change in crew configuration follows the recent update to
24-hour operations in Oman, another significant advance. According
to Robert Brunck, Chairman and CEO of CGGVeritas: "This multiyear
project underlines the confidence PDO has in our expertise and we
are very proud to have the opportunity to strengthen our long term
relationship and perform this high-density / high productivity
survey. The award further extends our leadership position in the
high-end segment of the market and confirms the long-term
commitment of CGGVeritas and its regional joint venture Ardiseis in
Oman and the wider Middle East region." 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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