CGG Develops its Presence in India
February 23 2005 - 12:00AM
PR Newswire (US)
CGG Develops its Presence in India PARIS, February 23
/PRNewswire-FirstCall/ -- Seismic services provider CGG (ISIN:
FR0000120164 ; NYSE: GGY) has made a move to further strengthen its
presence in India with the launch of a new data processing centre
in Mumbai. Senior representatives from CGG, the national oil
company, ONGC, and the major oil companies, including Reliance,
operating in India attended the opening ceremony held on 22nd
February. The Mumbai location for this new processing platform was
a strategic decision to offer clients in the region easy access to
a full spectrum of seismic processing and reservoir services of the
very highest standard. The new centre runs state-of-the-art
Geocluster processing software to deliver consistently fast and
reliable products, like the other 26 centres in CGG's worldwide
processing network. Robert Brunck, Chairman and CEO of CGG, said:
"India has one of the fastest growing exploration and production
activities in the region. The opening of this new centre in Mumbai
marks a new stage in our strategy to strengthen our position in
India as a provider of the full range of seismic services.
Historically, CGG has been a constant contributor to India's
exploration efforts for the last forty years and this move further
underlines our commitment to support India in fast-tracking its
E&P efforts." 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: Geophysique CONTACT: For further
information, please contact: Christophe Barnini, +33-1-64-47-38-10,
. Charles Zeltser +91-(0)22-55031213,
Copyright