CGGVeritas Announces Largest Marine Seismic Contract
September 09 2009 - 1:00AM
Business Wire
Regulatory News:
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that
it has been awarded a contract by Pemex to acquire and process
75,000 km2 of 3D seismic data offshore Gulf of Mexico. The program
is expected to start in October 2009 and extend through 2013. Total
contract value is approximately $465 million.
The day rate contract includes 3D and wide-azimuth offshore
acquisition, onboard and onshore imaging as well as gravity and
magnetic acquisition and processing. Marine acquisition work will
be performed by the Alizé, a high-end CGGVeritas vessel equipped
with 12 Sercel Sentinel® streamers.
According to Robert Brunck, Chairman and CEO, of CGGVeritas, “We
are very pleased to have been chosen for this important contract,
based on our unique portfolio of technologies and our deep in
country operational experience across all activities. This
multi-year project underlines the confidence Pemex has in our
technology and our expertise. The award further extends our
leadership position in the high-end segment of the market.”
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).
The information included herein contains certain forward-looking
statements within the meaning of Section 27A of the securities act
of 1933 and section 21E of the Securities Exchange Act of 1934.
These forward-looking statements reflect numerous assumptions and
involve a number of risks and uncertainties as disclosed by the
Company from time to time in its filings with the Securities and
Exchange Commission. Actual results may vary materially.
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