CGGVeritas, Saudi Aramco Pen MOU

CGGVeritas has signed a Memorandum of Understanding (MOU) with Saudi Aramco for collaborative research and development of geophysical acquisition, processing, analysis and interpretation technologies.

The MOU creates a framework for Saudi Aramco and CGGVeritas to identify opportunities for research, development and testing of advanced technologies, including: automation in the seismic value chain for oil and gas exploration and field development, permanent reservoir monitoring systems, non-seismic geophysics, and inversion of seismic/non-seismic data.

Jean-Georges Malcor, CEO, CGGVeritas, said: "We are very honored to sign this MOU with Saudi Aramco, a world-leading energy producer. Over the past four decades, CGGVeritas has had the privilege of providing geophysical services to Saudi Aramco, mostly through our Saudi Joint Venture, Argas, with TAQA. We look forward to extending this long-standing relationship to best support Saudi Aramco well into the future."

Thierry Brizard, Executive Vice President, Technology, CGGVeritas, added: "With our combined knowledge and expertise, the MOU with Saudi Aramco provides a pathway for collaborative research and development, which I expect will bring significant advancements to the science of geophysics and to the progress of reservoir characterization and management."

Samer Al Ashgar, Manager, EXPEC Advanced Research Center, Saudi Aramco, pointed out: "We are pleased with this research cooperation with CGGVeritas, and look forward to augmenting EXPEC ARC's research initiatives in the arena of geophysical technology, to fulfill Saudi Aramco's long-term objectives in exploration and field development."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Corrosion Control Document Facilitator
Expertise: Corrosion Engineering|Refinery Specialist|Technical Writing
Location: Houston, TX
450637 - Staff Piping Engineer
Expertise: Mechanical Engineering|Piping Engineer
Location: Los Angeles, CA
United States Houston: Account Rep, Bus Dev, Sr
Expertise: Business Development|Sales
Location: Houston, TX
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours