Petr?leos Mexicanos (Pemex) has awarded separate significant seismic-related contracts to the Mexican subsidiary of Houston-based Geokinetics and to CGGVeritas. Geokinetics is to carry out $110 million project in Mexico described as a seamless ocean bottom cable, transition zone, and land seismic data acquisition survey scheduled to begin late in the fourth quarter 2010 and last through early 2012.
Richard F. Miles, president and CEO, Geokinetics, said: ‘We are especially pleased to have been chosen for this project as this award highlights the strategic rationale behind our recent acquisition of PGS Onshore. Sustained solid bidding activity gives us confidence that our backlog will continue to grow and that Geokinetics is well positioned to benefit as the industry continues to recover.’ Meantime CGGVeritas has added to major contracts already awarded by Pemex. This is a extension to acquire a 3D wide-azimuth (WAZ) programme in the Mexican waters of the Gulf of Mexico which will be expanded to 18,000 km2.The total survey, which is worth $200 million will be the first WAZ contract of this scale in Latin America and one of the largest in the world. It is expected to start this month and last for a period of 300 days. Two CGGVeritas 3D seismic vessels, the Vanquish and Oceanic Vega, the company’s new X-BOW seismic vessel, as well as two source vessels, will be allocated to this wide-azimuth programme in the Gulf of Mexico.
Jean-Georges Malcor, CEO of CGGVeritas, said: ‘Along with the successful collaboration between Pemex and CGGVeritas on our current multi-year marine programme, we are very pleased to have been awarded this very important WAZ contract extension. Our high-end fleet, with its combination of Sentinel solid streamers and Nautilus streamer steering devices, reinforced by our advanced imaging technology and our leading experience in wide-azimuth offshore operations will bring unique benefits to this new programme.’
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