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CGGVeritas announces extension of high channel count

Oman: Thursday, October 02 - 2008 at 11:20
PRESS RELEASE

CGGVeritas has been awarded a multi-year contract extension by Petroleum Development Oman (PDO) to undertake a high-productivity high-density onshore seismic acquisition project in Oman.

In addition to increasing the number of active vibrator fleets, the extension doubles crew capacity to 25,000 channels, making it the largest high-resolution seismic operation in Oman. Work under the new configuration will commence at the beginning of 2009 and is expected to continue through the first quarter of 2011. This step change in crew configuration follows the recent update to 24-hour operations in Oman, another significant advance.

According to Robert Brunck, Chairman and CEO of CGGVeritas:

"This multiyear project underlines the confidence PDO has in our expertise and we are very proud to have the opportunity to strengthen our long term relationship and perform this high-density / high productivity survey. The award further extends our leadership position in the high-end segment of the market and confirms the long-term commitment of CGGVeritas and its regional joint venture Ardiseis in Oman and the wider Middle East region."

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Notes and media contacts

About CGGVeritas
CGGVeritas (http://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 SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).
Investor Relations Contacts

Paris:
Christophe Barnini
Tel: +33-1-64-47-38-10

Houston:
Hovey Cox
Tel: +1-832-351-8821

Posted by Ehab Al-Abbadi
Thursday, October 02 - 2008 at 11:20 UAE local time (GMT+4)

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CGGVeritas announces extension of high channel count

CGGVeritas has been awarded a multi-year contract extension by Petroleum Development Oman (PDO) to undertake a high-productivity high-density onshore seismic acquisition project in Oman.

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