Veritas DGC Inc. Announces Wide-Azimuth Award in Gulf of Mexico.HOUSTON -- Veritas DGC DGC Directors Guild of Canada DGC Distributed Garbage Collector DGC Dystrophin-associated Glycoprotein Complex DGC Data General Corporation DGC Dakota Gasification Company DGC Dirección General de Caminos (Guatemala) Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :VTS See VOB and virtual tape system. VTS - A suite of test programs for Motif from OSF. )(NYSE NYSE See: New York Stock Exchange :VTS) announced today that one of its subsidiaries has entered into an agreement with BP America Production Company, Houston to perform wide-azimuth seismic surveys in the deepwater 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 six-month program, which has a minimum value of over US $50 million, is expected to commence in the summer of 2006. "New seismic acquisition techniques such as wide-azimuth can provide higher resolution imaging and greater detail of the subsurface, compared with standard methods," said Timothy L. Wells, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Veritas. "In challenging environments with complex geology such as in the deepwater Gulf of Mexico, enhanced illumination from this breakthrough technique can provide our customers with information that is vital to successful exploration, reservoir delineation, and development. Veritas is the only company to date that has performed a towed-streamer wide-azimuth acquisition survey in the Gulf of Mexico". The program consists of a series of towed-streamer 3D wide-azimuth surveys as well as a high-resolution 4D survey, all of which will be conducted in the deep waters "Deep Waters" is a short story by P. G. Wodehouse, which first appeared in the United States in the March 25 1910 issue of Collier's Weekly, and in the United Kingdom in the June 1910 issue of the Strand. of the Gulf of Mexico. Wide-azimuth towed-streamer seismic acquisition is a technique where multiple seismic sources from multiple vessels are combined through precise inter-vessel navigation and synchronized communications to provide acoustic illumination of the Earth's interior from multiple directions relative to the seismic receivers in the towed-streamers. This enhanced illumination allows for a deeper and richer view of subsurface geology through the use of state-of-the-art computer imaging techniques. The Company cautions that statements in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These include statements as to expectations, beliefs and future financial performance, such as statements regarding our business prospects. All of these are based on current information and expectations that are subject to a number of risks, uncertainties and assumptions. These risks and uncertainties are more fully described in our reports filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material respect from those currently anticipated. Veritas DGC Inc., headquartered in Houston, Texas, is a leading provider of integrated geophysical information and services to the petroleum industry worldwide. VERITAS DGC INC. (TSX:VTS) (NYSE:VTS) |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion