Compagnie Generale De Geophysique
19 Dezember 2003 - 7:00AM
PR Newswire (US)
Compagnie Generale De Geophysique Contracts for Processing -
Reservoir Services in Mexico Extended for Three Years PARIS, Dec.
19 /PRNewswire-FirstCall/ -- CGG (ISIN: FR0000120164 ; NYSE: GGY)
today announced that Pemex has extended its contract for the
provision of technical support for a further three years. This is
the third in a series of key contracts relating to seismic data
processing, reservoir geophysics and technical support that
Mexico's national oil company has renewed with CGG's Mexican
subsidiary, CMG, in the last few months. CGG deploys its data
processing and reservoir expertise in Mexico out of its dedicated
processing center in Villahermosa, where a 2,000+-CPU cluster is
migrating massive surveys in record times with leading-edge
technology in order to reduce processing times and speed up the
exploration cycle. Technical support in high-end seismic processing
is in turn provided to Pemex's National Seismic Processing Center,
the CNPS, also based in Villahermosa. The CNPS runs Kirchhoff PSTM
algorithms on its IBM 1024 CP Linux cluster operated by a team of
CGG geophysicists and IT engineers. According to Adan Oviedo, Pemex
E&P VP exploration: "CGG, through its subsidiary CMG, provides
a full spectrum of integrated services from 3D acquisition to
reservoir characterization which, we are sure, will play an
important part in enhancing Pemex's ability to reduce cycle time
and achieve our business goals." Dominique Gehant, manager of CGG
Processing & Reservoir services in Mexico, declared: "We are
delighted that Pemex is renewing its confidence in CGG. These
awards testify to the close relationship we have developed over the
last five years. We are continuing to emphasize our commitment by
opening an office in Ciudad del Carmen so that a team of our
geophysicists can work closely with Pemex's main offshore
operations center via a remote link to our Villahermosa center."
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. The
Compagnie Generale de Geophysique group is a global participant in
the oilfield services industry, providing a wide range of seismic
data acquisition, processing and geoscience services and software
to clients in the oil and gas exploration and production business.
It is also a global manufacturer of geophysical equipment.
DATASOURCE: Compagnie Generale de Geophysique CONTACT: Christophe
Barnini, +33-1-64-47-38-10, , or Dominique Gehant,
+52-993-316-90-25, , both of Compagnie Generale de Geophysique Web
site: http://www.cgg.com/
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