CGGVeritas Announces Multi-Year Extension of Oman Processing Contract

Name	Symbol	Market	Type
Conductor Global Equity Value ETF	AMEX:CGV	AMEX	Exchange Traded Fund

Name

Symbol

Market

Type

Conductor Global Equity Value ETF

AMEX:CGV

AMEX

Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	13.2565				0	01:00:00

Price Change

% Change

Price

High Price

Low Price

Open Price

Traded

Last Trade

0.00

0.00%

13.2565

01:00:00

CGGVeritas Announces Multi-Year Extension of Oman Processing Contract

04/12/2008 6:00am

PR Newswire (US)

Conductor Global Equity ... (AMEX:CGV)
Historical Stock Chart

From Jun 2019 to Jun 2024

Click Here for more Conductor Global Equity ... Charts.

PARIS, December 4 /PRNewswire-FirstCall/ -- CGGVeritas (ISIN: 0000120164 - NYSE: CGV) announced today that it 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 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." About CGGVeritas CGGVeritas (http://www.cggveritas.com/) is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry. CGGVeritas is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV). Investor Relations Contacts Paris: Christophe Barnini Tel: +33-1-64-47-38-10 E-Mail: Houston: Hovey Cox Tel: +1-(832)-351-8821 E-Mail: DATASOURCE: CGGVeritas CONTACT: Investor Relations Contacts: Paris: Christophe Barnini, Tel: +33-1-64-47-38-10, E-Mail: . Houston: Hovey Cox, Tel: +1-(832)-351-8821, E-Mail:

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

CGV Conductor Global Equity Value ETF