CGGVeritas Buys Petrodata Consulting

CGGVeritas has purchased Petrodata Consulting.

The acquisition of Petrodata further strengthens the reservoir services of CGGVeritas, via Hampson-Russell Software & Services, offering seamless, fully integrated reservoir studies and field development planning.

Since the Petrodata team came together in 1997 its highly qualified staff has established a reputation of excellence in the Russian industry. Many on the team are qualified to act as official experts for GKZ and TsKR, the Russian reserves and production regulatory authorities. By capitalizing on their extensive experience and expertise, Petrodata developed a significant share of the domestic reservoir services market and have captured a growing share of projects for international oil and gas companies around the world.

Rob Mayer, Sr. VP, Hampson-Russell Software & Services, CGGVeritas, said, "We are very pleased by this acquisition which perfectly complements our existing high-end stochastic, petrophysical and 4D inversion technologies to better define the reservoir. We look forward to strengthening our Hampson-Russell Software & Services presence in the important Russian oil and gas market and leveraging the excellent reservoir engineering skill set of the Petrodata team across our worldwide network of CGGVeritas service centers to better meet the specific local needs of our clients."