This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

CGGVeritas Returns To Algeria With Land Seismic Award

Regulatory News:

CGGVeritas (Paris:GA) (NYSE:CGV) announced today that it is set to resume land seismic acquisition operations in Algeria after the award of a 3D Vibroseis survey by Groupement Timimoun (GTIM), a joint venture between Sonatrach, Total EP Algérie and CEPSA. This award has been the result of an Open Call for Tender process.

This survey, covering a total surface area of 2,240 km 2 over the Timimoun block in the South of Algeria, has been commissioned as the first phase in the Timimoun unconventional gas field development plan. The CGGVeritas high-channel-count crew deployed for this project will use two high-end proprietary acquisition technologies, high-productivity vibroseis acquisition (HPVA TM) and EmphaSeis TM broadband vibroseis, to acquire the high-density, broadband dataset required for detailed reservoir characterization. Recorded in a timeframe comparable to that of conventional data, the dataset will also be processed in the field with a fast turnaround to ensure the results are delivered in time to determine the field’s preliminary drilling plan.

Jean-Georges Malcor, CEO, CGGVeritas, said: "This award marks the welcome return of a CGGVeritas land crew to Algeria after 15 years of absence. We are seeing growing recognition among oil companies operating in Algeria of the crucial role played by high-end seismic in the development and exploitation of oil and gas fields.”

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).



Copyright Business Wire 2010

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,017.79 -80.66 -0.47%
S&P 500 1,996.56 -6.81 -0.34%
NASDAQ 4,580.6320 +0.3610 0.01%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs