CGGVeritas Scores 2 Long-Term Seismic Acquisition Gigs for BP

CGGVeritas has been awarded two long-term seismic acquisition contracts by BP to undertake multiple high-end marine 3D, wide-azimuth and 4D seismic surveys. CGGVeritas has also received a letter of cancelation from PDVSA relating to the previously announced six month land 3D seismic survey in Venezuela.

For BP, the first contract encompasses an Arctic Ocean exploration 3D survey in the Canadian Beaufort Sea. This project, with an option to extend for a second season, is expected to commence in the summer of 2009. The second long-term contract comprises multiple wide-azimuth and 4D reservoir management surveys in the Gulf of Mexico. This GOM program is expected to commence early in 2009, with part of the program being acquired in 2010 and includes options for further extensions. The total value of these new BP contracts, not including optional extensions, is expected to be approximately $130 million.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Assistant Operations Manager
Expertise: Marine Surveying|Operations Management|Surveying
Location: New Orleans, LA
Petroleum Inspector III
Expertise: Field Service Tech|Marine Surveying|Surveying
Location: Seattle, WA
Web Developer
Expertise: IT - Programming & Database|IT - Software Development|Software Specialist
Location: Houston, TX
search for more jobs

Brent Crude Oil : $49.71/BBL 1.50%
Light Crude Oil : $48.7/BBL 2.05%
Natural Gas : $3.11/MMBtu 12.68%
Updated in last 24 hours