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GGY Comp Gen Geophys

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Share Name Share Symbol Market Type
Comp Gen Geophys NYSE:GGY NYSE Ordinary Share
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CGG Reconfirmed to Run Shell In-House Processing Centers

04/11/2004 7:00am

PR Newswire (US)


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 :

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