CGG Wins Land Acquisition Backlog Worth $115 Million PARIS, January 6 /PRNewswire-FirstCall/ -- Compagnie Generale de Geophysique (ISIN: FR0000120164; NYSE: GGY) announced that it has recently won in partnership with Elnusa a major land seismic acquisition survey in Indonesia worth nearly 18 million dollars. The survey will be acquired over 22 drilling locations in the Tunu field and cover a surface area of 154 square kilometres of swamp and shallow water. It is the first significant high-resolution 3D seismic survey to be conducted in the Mahakam Delta for the specific purpose of enhancing drilling on production sites. Its experience of a similar project in the Mahakam Delta in 2003 means that CGG is well qualified to overcome the environmental and technical challenges of this survey. With the addition of this new contract, and not including Argas operations, CGG's land acquisition backlog at the beginning of 2005 stands at a total of 115 million US dollars, representing ten months of activity in 2005. Dominique Robert, Executive Vice President of CGG's Land Acquisition Services, said: "The current status of our backlog provides a strong foundation for confidence in the activity level of the land acquisition segment in the first half of 2005. The recent series of contracts we have won mark a clear increase in CGG's land acquisition activity in countries where we have been active in the recent past. We are in no doubt that with our operating experience in these challenging areas CGG will provide the best quality and value to its clients." 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,

Copyright