CGGVeritas Announces Largest Marine Seismic Contract.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Regulatory News: 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 ) announced today that it has been awarded a contract by Pemex to acquire and process 75,000 km2 of 3D seismic data offshore Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . The program is expected to start in October 2009 and extend through 2013. Total contract value is approximately $465 million. The day rate contract includes 3D and wide-azimuth offshore acquisition, onboard and onshore imaging as well as gravity and magnetic acquisition and processing. Marine acquisition work will be performed by the Alize, a high-end CGGVeritas vessel equipped with 12 Sercel Sentinel([R])streamers. 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, "We are very pleased to have been chosen for this important contract, based on our unique portfolio of technologies and our deep in country operational experience across all activities. This multi-year project underlines the confidence Pemex has in our technology and our expertise. The award further extends our leadership position in the high-end segment of the market." About CGGVeritas CGGVeritas (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 (ISIN: 0000120164) and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (in the form of American Depositary Shares, NYSE: CGV). The information included herein contains certain forward-looking statements within the meaning of Section 27A of the securities act of 1933 and section 21E of the Securities Exchange Act of 1934. These forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties as disclosed by the Company from time to time in its filings with the Securities and Exchange Commission. Actual results may vary materially. |
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