CGG awarded BP seismic contracts

BP has awarded CGGVeritas two long-term seismic acquisition contracts totaling $130 million to undertake multiple high-end marine 3D, wide-azimuth and 4D seismic surveys.

Offshore staff

PARIS -- BP has awarded CGGVeritas two long-term seismic acquisition contracts totaling $130 million to undertake multiple high-end marine 3D, wide-azimuth and 4D seismic surveys.

The first contract encompasses an Arctic Ocean exploration 3D survey in the Canadian Beaufort Sea. The project, which has an option to extend for a second season, is expected to begin this summer.

The second long-term contract comprises multiple wide-azimuth and 4D reservoir management surveys in the Gulf of Mexico. The GoM program is expected to begin early this year, with part of the program being acquired in 2010 and includes options for further extensions.

01/23/2009

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