CGGVeritas Returns to Algeria with Land Seismic Award
09 Luglio 2012 - 7:30AM
Business Wire
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 km2 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 (HPVATM) and
EmphaSeisTM 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).
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