SpiceRack: CGGVeritas And Saudi Aramco Enter Into Major R&D Collaboration To Develop New Solution For Seabed Seismic Acquisition

Samer AlAshgar, Manager, EXPEC Advanced Research Center, Saudi Aramco, stated: “Technology collaborators such as CGGVeritas play a vital role in developing innovative technology solutions aligned with Saudi Aramco’s long-term objectives in exploration and field development. The SpiceRack initiative augments EXPEC ARC’s research and technology portfolio and is expected to deliver a game changer in automating seismic data acquisition.”

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).

About Saudi Aramco

Owned by the Saudi Arabian Government, Saudi Aramco is a fully integrated, global petroleum enterprise and a world leader in exploration and producing, refining, distribution, shipping, marketing and petrochemicals manufacturing. The Company manages the largest proven reserves of conventional crude oil, 259.1 billion barrels, the fourth-largest gas reserves in the world, 282.6 trillion cubic feet. In 2011, Saudi Aramco produced 9.067 million barrels per day of oil and 9.882 billion standard cubic feet per day of natural gas. The Company, through its affiliate, Vela International Marine Limited, owns and operates one of the world's largest tanker fleets to help transport crude and refined products, which amounted to over 2.9 million barrels per day in 2011. In addition to its headquarters in Dhahran, Saudi Arabia, Saudi Aramco, through its affiliates, has joint ventures and subsidiary offices in China, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Arab Emirates, the United Kingdom and the United States. Saudi Aramco also refines and distributes oil products throughout the Kingdom of Saudi Arabia to meet domestic daily energy demands. For more information, please go to www.saudiaramco.com .

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