Compagnie Générale de Géophysique : CGG Returns to the Caspian
02 April 2004 - 4:00PM
PR Newswire (US)
Compagnie Générale de Géophysique : CGG Returns to the Caspian
PARIS, April 2 /PRNewswire-FirstCall/ -- Compagnie Générale de
Géophysique (ISIN : FR0000120164 ; NYSE : GGY) has received a
letter of award from Agip KCO, Operator on behalf of a consortium
comprised of Eni, Total, ExxonMobil, BG, Shell Kazakhstan BV,
ConocoPhillips and Inpex, for the acquisition and onboard
processing of a major 3D seismic survey in the Aktote and Kairan
prospects of the North Caspian Sea. The survey will begin in the
second quarter of 2004 and cover a surface area of approximately
700 full fold square kilometres in very shallow waters of between
1-3 meters. CGG will undertake the work in association with a
Kazakhstan contractor, Kazakhstancaspishelf (KCS), a subsidiary of
KazMunayGaz. This award marks the first success in CGG's new
commercial strategy to develop partnerships with locally
established seismic contractors. "This award brings us particular
pleasure as it marksCGG's return to the Caspian after an absence of
some years, " stated Dominique Robert, Executive Vice President of
CGG Land Acquisition Services. "We believe that with our unrivalled
expertise in shallow water operations and the local resources and
experience offered by KCS, we have a winning combination to address
the technical and operational complexities of this challenging
project." The Compagnie Générale de Géophysique group is a global
participant in the oilfield services industry, providing a wide
range of seismic data acquisition, processing and geoscience
services and software to clients in the oil and gas exploration and
production business. It is also a global manufacturer of
geophysical equipment. Internet : http://www.cgg.com/ DATASOURCE:
COMPAGNIE GENERALE DE GEOPHYSIQUE CONTACT: Contacts : Christophe
Barnini, (+33)-1-64-47-38-10; Rodney Bligh, (+33)-1-64-47-33-10,
Email :
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