Comp Gen Geophys (NYSE:GGY)
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CGG Reconfirmed to Run Shell In-House Processing Centers
PARIS, November 4 /PRNewswire-FirstCall/ -- Shell have renewed a series of
contracts with CGG to provide in-house seismic data processing services at
three strategic sites in Europe.
Shell Exploration & Production Europe have extended CGG's in-house center
contracts with subsidiaries NAM at Assen in the Netherlands, Shell UK Ltd in
Aberdeen, UK and A/S Norske Shell in Stavanger, Norway for a further three
years and 9 months starting April 1st 2005.
CGG provides state-of-the-art 2D, 3D and 4D processing and pre-stack depth
migration services for marine data sets at the Stavanger and Aberdeen centers
and for both land and marine surveys at the Assen center. The teams of in-house
geophysicists at all three European sites use the compute resources of CGG's
EAME computer mega-centre in Redhill, UK, giving them the flexibility and power
to run the latest imaging and demultiple techniques.
CGG is the leading provider of in-house processing centers. With its experience
of operating over 25 geophysical computer centers worldwide, including three
mega-centers, CGG provides a tailored IT solution for each in-house center and
draws on a pool of dedicated geophysicists to provide the highest level of
service to its clients. All three Shell-dedicated sites run CGG's leading-edge
industrial data processing software, Geocluster, proven on more than 126 sites
around the world.
According to Guillaume Cambois, CGG's Executive Vice President for Data
Processing & Reservoir Services: "CGG continues to be the best in class
provider of in-house data processing services to the Shell group and these
recent contract renewals positively sanction this performance. We strongly
believe that this form of close technical collaboration between Shell's and
CGG's teams of experts creates the best possible value for both parties"
The Compagnie Generale de Geophysique 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/
CONTACT: Contacts: Christophe BARNINI: +33-1-64-47-38-10; Andrew TUCKEY:
+44-20-82-31-80-55, E-mail :