Arctic Directory: CGGVeritas awarded two new BP seismic contracts

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CGGVeritas said Jan. 23 that it has been awarded two long-term seismic acquisition contracts by BP to undertake multiple high-end marine 3-D, wide-azimuth and 4-D seismic surveys. The first contract encompasses an Arctic Ocean exploration 3-D survey in the Canadian Beaufort Sea. This project is expected to commence in the summer of 2009. The second long-term contract comprises multiple wide-azimuth and 4-D reservoir management surveys in the Gulf of Mexico and is expected to start in early 2009. The total of these new contracts with BP is expected to reach $130 million. CGGVeritas is a leading international pure-lay geophysical company delivering a wide range of technologies, mainly to the oil and gas industry. For more information visit www.cggveritas.com.