Compagnie Générale de Géophysique : CGG Returns to the Caspian

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, ([phone]; Rodney

Bligh, ([phone], Email : 

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