CGGVeritas Announces Largest Marine Wide-Azimuth Award
PARIS, France - 30 August 2010
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that it has been awarded by Pemex a more than 150M$ contract extension to acquire a 3D wide–azimuth (WAZ) program in the Mexican waters of the Gulf of Mexico which will be extended to 18,000 square kilometers.
The total survey, which is above 200M$, will be the first WAZ contract of this scale in Latin America and one of the largest in the world.
It is expected to start in October 2010 for a period of 300 days. Two CGGVeritas 3D seismic vessels, the Vanquish and the Oceanic Vega, the new X-BOW® seismic vessel, as well as two source vessels, will be allocated to this significant wide-azimuth program in the Gulf of Mexico.
Jean-Georges Malcor, CEO of CGGVeritas, said: “Along with the successful collaboration between Pemex and CGGVeritas on our current multi-year marine program, we are very pleased to have been awarded this very important WAZ contract extension.
Our high-end fleet, with its combination of Sentinel solid streamers and Nautilus streamer steering devices, reinforced by our advanced imaging technology and our leading experience in wide-azimuth offshore operations will bring unique benefits to this new program. This award further confirms the technological leadership of CGGVeritas in addressing the needs of the expanding high-end technology segment of the seismic industry.”
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 | ||
|
Paris: |
Houston: |
|
|
|
||
