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."
Operates 44 Offshore Rigs
- Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr (Nov 14)
- RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project (Nov 13)
- Aramco Expects To Boost Capital Spending By About 10% (Nov 09)
Company: CGGVeritas more info
- CGG Qualifies as Mexican Reserves Auditor (May 17)
- Karoon Engages CGGVeritas for 3D Seismic Survey in Permit WA-482-P (Jun 19)
- CGG: New Identity, New Acquisition (Jan 28)