Veritas DGC Inc. Announces Mauritanian Agreement

Veritas DGC Inc. announced the signing of an exclusive agreement with the Ministry of Mines and Industry of Mauritania to acquire a new multi-client seismic survey in the deepwater area offshore Mauritania (up to 3,000 meters). A test line acquired by Veritas in the deepwater area last year revealed the extension of a thick sedimentary succession, outboard of the currently licensed acreage, containing large structures, slope channel packages and numerous amplitude anomalies. The recent Chinguetti-1 discovery well drilled by the Woodside group (Woodside/Agip/Hardman/Fusion/Elixir) has proven the existence of an active petroleum system along this margin. The acquisition of a first phase 2D program of 6,000 kilometers will commence prior to the end of September and will be aimed at evaluating the hydrocarbon potential of this promising section of the West African margin.

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