3-D Geophysical announces new contract with Pemex for three-dimensional seismic survey work.ENGLEWOOD, Colo.--(BUSINESS WIRE)--Sept. 19, 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 Mexican subsidiary, Geoevaluaciones, S.A. de C.V., has been awarded a contract by Pemex, the Mexican national oil company, to provide three-dimensional seismic surveys of possible oil and gas formations for the Papantla project in Northern Mexico. Project work is scheduled to commence in October 1996 and continue through most of 1997. It is estimated that the project will result in a total of approximately $11 million in revenue for the company. The contract will provide for payment in pesos and have partial exchange rate protection by using a fixed rate of 7.50 pesos to the dollar. Headquartered in Englewood, 3-D Geophysical Inc. is one of the largest seismic contractors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Mexico. The company continues to pursue its strategy of entering new markets and expanding in its existing markets. CONTACT: 3-D Geophysical, Inc., Englewood John D. White, Jr., Chief Financial Officer 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 , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of George Strauss George Russell Strauss, Baron Strauss PC (18 July 1901 - 5 June 1993) was a long-serving British Labour Party politician, who was a Member of Parliament (MP) for 47 years and was Father of the House of Commons from 1974 to 1979. Strauss was educated at Rugby School. , 212/481-7096 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion