Petrobras Awards Large Seismic Data Processing Contract to CGG in Brazil

CGG do Brazil in Rio de Janeiro, Brazil, has been awarded the major part (60%) of a three-year contract by Petrobras to process up to 30,000 sq. km of seismic data with an estimated value of $12 million. The contract includes all segments: 2D & 3D, Land & Marine, PSTM & PSDM. Processing of these data will commence in June 2006.

CGG opened its Data Processing Centre in Rio de Janeiro in April 2005 demonstrating its long-term commitment to Petrobras and the Brazilian oil & gas market as the industry's leading seismic solution provider. CGG has been working in Brazil since 1961 and started operating as CGG do Brazil in 1985. CGG do Brazil currently employs 25 national staff and has an aggressive recruitment & training plan focused on geophysical staff & IT professionals. CGG has installed a powerful state-of-the-art IT infrastructure with the latest PC Cluster technology, disk-to-disk processing, geodesktop environment & 3D visualization systems, fully integrated into CGG's global network.

"We are very proud to be awarded this important contract and we are looking forward to maintaining our position as the premier provider of processing services to Petrobras" says Jean Charot, Managing Director of CGG do Brazil.

"CGG has shown tremendous commitment to the Brazilian oil & gas industry during recent years and the award of this contract to CGG do Brazil is a recognition of their effort in bringing to Petrobras their industry-leading technology and expertise" says Ricardo Rosa, Head of Geophysical Processing Group of Petrobras.