CGGVeritas Announces Award for Ultra High-Density Land Seismic Contract.Summary: CGGVeritas (ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. : 0000120164 -- NYSE NYSE See: New York Stock Exchange : CGV CGV Ciudad Guayana, Venezuela ) has been awarded a contract by Qatar Petroleum to undertake a large, ultra high-density high-resolution onshore seismic survey. The expected value Expected value The weighted average of a probability distribution. Also known as the mean value. of the contract is approximately $140 million dollars. Work on the project will commence around year-end 2008 and is anticipated to have a duration of about thirty months. CGGVeritas Announces Award for Ultra High-Density Land Seismic Contract CGGVeritas (ISIN: 0000120164 -- NYSE: CGV) has been awarded a contract by Qatar Petroleum to undertake a large, ultra high-density high-resolution onshore seismic survey. The expected value of the contract is approximately $140 million dollars. Work on the project will commence around year-end 2008 and is anticipated to have a duration of about thirty months. The survey will cover the Dukhan field in Qatar that extends under desert plains, coastal salt flats, transition zones and shallow water areas. To ensure that this complex and industry-first high-resolution survey delivers the best results, CGGVeritas will provide the full range of acquisition and processing services deploying a 40,000-channel seismic crew, 3D VSP VSP - Very Simple Prolog+. (Vertical Seismic Profile In geophysics, Vertical Seismic Profile (VSP) is a technique of borehole seismic measurements used for correlation with surface seismic data. Hydrophones in the borehole record reflected seismic energy originating from a seismic source at the surface. ) and imaging services. According to Robert Brunck, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CGGVeritas: "This industry-first survey will generate the highest possible resolution seismic image of the reservoir. A survey of this density was made feasible based on the results of our extensive research and development to create unique technologies and methodologies for continued improvement of image quality and increased efficiency of operations. This combination best addresses our customer's needs for very high-resolution solutions. Considering its volume, density and technical requirements, this contract also reinforces the position of CGGVeritas and its regional joint venture, Ardiseis, as the worldwide leader in the growing high-end seismic segment". 2008 Al Bawaba (www.albawaba.com) 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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