This Day On The Street
Continue to site
ADVERTISEMENT
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

Global Geophysical Services, Inc. Announces The Completion Of Phase One Of The Multi Client Project, Parnaiba InSight(TM) 2D And Initiation Of Phase II

RIO DE JANEIRO, Feb. 28, 2013 (GLOBE NEWSWIRE) -- Global Geophysical Services, Inc. (NYSE:GGS) has completed the first phase of its Multi Client program, the Parnaiba InSight TM 2D project in northeast Brazil. This 2D seismic program is the foundation of a basin-scale geoscience study designed to provide an integrated geologic and geophysical understanding of the Parnaiba Basin. The Deep Crustal InSight line, which crosses the entire basin in an east-west direction, is 1,430 kms in length and has revealed details not previously seen in seismic data. Additionally, three well tie lines (454 kms) have been acquired in the existing blocks that provide detailed images of the sedimentary components of the basin as well as the Proterozoic basement.

Global has begun Phase II, an additional 500 kms, in the new blocks recently announced in National Petroleum Authority's (ANP) 11 th Licensing Round.  Data will be acquired and processed to allow interested parties to evaluate the areas prior to the round's closing date.

Global's AutoSeis® High Definition Recorder (HDR) 32-bit technology was used to acquire this program, which features ultra-long offsets and record lengths along the central Deep Crustal InSight line designed for ultra-deep imaging of the crust and upper lithosphere within the basin. Data processing has been performed using Global's pre-stack time and pre-stack depth imaging methodologies, with a specific emphasis on robust imaging of both the deep basement structure and the overlying sedimentary formations.

About Global Geophysical Services, Inc.

Global Geophysical Services, headquartered in Houston, TX, provides an integrated suite of geoscience and engineering data solutions to the global oil and gas industry including high-resolution RG-3D® Reservoir Gradeā„¢ seismic data acquisition, microseismic monitoring, seismic data processing and interpretation services, Unconventional Consultingā„¢ and Multi Client data products. Global Geophysical Services combines experience, innovation, operational safety and environmental responsibility with leading edge technology to facilitate the success of its clients by providing them the tools and solutions to Gain InSight TM . To learn more about Global Geophysical Services, visit www.GlobalGeophysical.com .

The Global Geophysical Services, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7300

CONTACT: George T. Yapuncich
         Country Manager, Brazil
         George.yapuncich@globalgeophysical.com
         
         Global Geophysical Services Inc,
         Rua Jornalista Ricardo Marinho 360/106
         Barra da Tijuca
         Rio de Janerio, RJ
         Tel (21) 3344-7662

Global Geophysical Services, Inc. Logo

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs