CGGVeritas Awarded Three-Year Contract in Oman
08 Juin 2012 - 7:30AM
Business Wire
Regulatory News:
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).
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