3-D Geophysical announces award of contract with BP Exploration Alaska for work this winter on the north slope of Alaska.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Aug. 26, 1996--3-D Geophysical Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TDGO) today announced that its Northern Geophysical subsidiary has received a Notice of Award from BP Exploration (Alaska) Inc. for a seismic survey program on the North Slope North Slope, Alaska: see Alaska North Slope. during the winter of 1997. 3-D Geophysical expects to sign a contract with BP over the next 45 days. The amount of the award is for approximately $7.5 to $9.5 million. Richard D. Davis Richard David Davis (1799 - June 17, 1871) was a U.S. Representative from New York. Born at Stillwater, New York, Davis was graduated from Yale College in 1818. He studied law. He was admitted to the bar in 1821 and commenced practice in Poughkeepsie. , president and chief executive officer, said, "This award adds to the shallow-water work 3-D Geophysical is currently providing to BP Exploration this summer just offshore from the Prudhoe Bay Prudhoe Bay, inlet of the Beaufort Sea and Arctic Ocean, N Alaska, in the Alaska North Slope region, east of the Colville River delta. In 1968 one of the largest oil reserves in North America was discovered in Prudhoe Bay. field. The award positions 3-D Geophysical as one of the major seismic contractors operating in Alaska. With this winter work in Alaska, 3-D Geophysical will improve its exposure to the seasonal nature of the seismic industry in the lower 48 states of the United States." Headquartered in Englewood, 3-D Geophysical Inc. is one of the largest seismic contractors in the United States and Mexico. The company continues to pursue its strategy of entering new markets and expanding in its existing markets. CONTACT: 3-D Geophysical Inc. John D. White Jr., 303/290-0214 or Strauss Global Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most George Strauss, 212/481-7096 |
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