CGGVeritas announces the completion of BroadSeis survey for Brunei Shell Petroleum Company

Monday, May 23, 2011

CGGVeritas (ISIN: 0000120164 – NYSE: CGV) (Paris:GA) (NYSE:CGV) announced today that it has completed a BroadSeis seismic survey in Brunei Darussalam for Brunei Shell Petroleum Company Sdn. Bhd. (BSP).

BroadSeis, the new CGGVeritas broadband marine solution, combines Sercel Sentinel solid streamers, a unique variable-depth towing configuration and a proprietary deghosting and imaging algorithm.

Jean-Georges Malcor, CEO of CGGVeritas, said: "This BroadSeis survey reflects the increasing industry interest in the benefits of BroadSeis,our breakthrough broadband solution, which provides a remarkable step forward in the quality of high-resolution marine seismic images."

The program comprised a number of 2D lines located in deepwater and combined BroadSeis technology with a bigger source array and a long streamer. CGGVeritas acquired the survey on the block operated by BSP and in cooperation with Total E&P Deep Offshore Borneo B.V.

Source: Business Wire