CGGVeritas Announces Completion of BroadSeis 3D Wide-Azimuth Survey for Chevron Norge
PARIS, France – September 27, 2011
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that it completed acquisition of a 3D survey with BroadSeisTM, its unique broadband marine solution, for Chevron Norge AS.
The minimum commitment for the program comprised acquisition of a 3D survey over a 2,190 km2 area west of Bodø in the Norwegian Sea. Due to good progress the program was extended to 2,805 km2. In addition, part of the survey was acquired in wide-azimuth (WAZ) mode, making it the first commercial BroadSeis WAZ project. The survey was acquired ahead of schedule by the recently upgraded CGGVeritas vessel, Oceanic Endeavour.
Jean-Georges Malcor, CEO of CGGVeritas, said: “We are very pleased that Chevron has selected our BroadSeis broadband marine solution for their exploration in the deep waters of the Norwegian Sea. This contract offered an excellent opportunity for CGGVeritas to demonstrate the value of the technology relative to sub-volcanic imaging in the sub-basalt areas which predominates in the western part of the Norwegian Sea.”
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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