CGGVeritas Snags Seismic Contract Extension for Mina Al Fahal in Oman

CGGVeritas has been awarded a multi-year contract extension by Petroleum Development Oman (PDO) to perform seismic data processing and imaging services at its Mina Al Fahal site. The contract extension is expected to commence January 2009 and continue through 2011 with an option to extend for an additional year.

The dedicated processing center, through which CGGVeritas has delivered innovative processing technology and service excellence to PDO for the last 14 years, recently underwent a significant IT upgrade to best address the processing challenges of PDO's new-generation, wide azimuth 3D seismic survey currently underway in Southern Oman.

Ardiseis, the CGGVeritas joint venture in the Middle East, is acquiring the high-productivity 3D survey with a 25,000 channel count crew operating 24 hours per day.

Chairman and CEO of CGGVeritas, Robert Brunck, stated, "We are extremely pleased that PDO is continuing its long-term relationship with CGGVeritas, as market leader in dedicated advanced processing and imaging centers. This contract extension to process the wide azimuth survey comes just two months after the award to extend and upgrade our land seismic acquisition contract with PDO. It further demonstrates the confidence that PDO has in our advanced technology, expertise and service excellence as well as underlines the leadership position that CGGVeritas and its joint venture Ardiseis have in the growing high-end segment of the seismic market."