Veritas DGC Inc. Announces Formation of New Division, Veritas Exploration Services; Division to offer seismic interpretation and reservoir characterization services.

HOUSTON--(BUSINESS WIRE)--April 12, 1999--

Tim Wells, President and COO of Veritas DGC Inc., today announced the formation of a new division, Veritas Exploration Services. The new unit will be responsible for Veritas' advanced integrated seismic data interpretation and analysis, including a new reservoir characterization group.

Dale Bowering, formerly Vice President of Business Development for Veritas Marine Surveys, was named as its President.

"This is an exciting new opportunity for Veritas that builds on our core strengths in geophysical data acquisition, processing and analysis," states Wells. "Veritas Exploration Services will compliment our other service offerings by providing our customers with state-of-the-art interpretation, visualization and analysis techniques in their exploration and reservoir management efforts."

The new division also will serve to meet the interpretive needs of various Veritas projects in areas such as depth migration, survey planning and data quality control.

"This is a natural progression that makes sense for Veritas," adds Bowering. "Advanced techniques in acquisition and processing have contributed to an explosion in the volume of cost effective, high quality 3D seismic data. Advances in interpretation capabilities have been just as dramatic, providing new and exciting ways to extract more information from the data in a shorter time frame."

Exploiting such advances require significant investments in hardware, software and training. The formation of Veritas Exploration Services will allow clients to leverage Veritas' resources and specialty expertise to help mature their prospects and develop their discoveries. In essence, Veritas can be a technology partner with customers, providing the supporting interpretive services to help them extract the most out of their data, faster.

"This group will enable us to work even more closely with our client base, developing custom solutions for their exploration needs, in essence augmenting their existing capabilities," adds Wells. "Our goal is to help our clients deal with the changing technology in the industry in a way that optimizes their bottom line results."

Veritas DGC Inc. (NYSE: VTS), headquartered in Houston, is a leading provider of land, transition zone and marine-based seismic data acquisition, seismic data processing, and multi-client data sales to the petroleum industry. Veritas DGC operates seven divisions in selected markets worldwide and, based on revenue, is the fifth largest geophysical services provider.