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CGG Wins Contract For PDO Subsurface Imaging Center

Stocks in this article: CGG

PARIS, Dec. 18, 2013 (GLOBE NEWSWIRE) -- CGG announced today that it has been awarded a further contract by Petroleum Development Oman (PDO) to provide seismic imaging services at its dedicated center in Muscat, Oman.

CGG has been operating the PDO dedicated center since 1994 and the contract will run for another four years from January 2014. The center provides the full range of subsurface imaging services for PDO's onshore data and specializes in large, high-density wide-azimuth projects. As part of this contract CGG will also expand its onsite training facilities and increase its support to Sultan Qaboos University.

Jean-Georges Malcor, CEO, CGG, said: "CGG is delighted that PDO has confirmed its confidence in our advanced subsurface imaging technology, expertise and service excellence by extending this contract on the eve of the dedicated center's twentieth anniversary. Throughout this time we have consistently shown our commitment to developing the people and seismic industry of Oman and have transformed the traditional contractor-client relationship into a highly collaborative and integrated partnership with PDO. The renewal of this dedicated center contract and the success of our expanding open center operation confirm our leading position in the Oman subsurface imaging market."

About CGG

CGG ( www.cgg.com ) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary business divisions of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs over 9,800 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.

CGG is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).

 

Communications Contact Christophe Barnini Tel: +33 1 64 47 38 11 E-Mail: invrelparis@cgg.com

CGG - Contract for PDO Subsurface Imaging Center http://hugin.info/142000/R/1750592/589946.pdf

HUG#1750592

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