CGGVeritas Awarded Three-Year Contract In Oman
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).
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV