CGGVeritas (CGV) said that ARGAS, its Saudi Arabian joint venture, was awarded 2 major Ocean Bottom Cable or OBC 3D data acquisition contracts by Saudi Aramco. The company stated that the 2 contracts have a combined value of around $375 million.
The first project is scheduled to start in June 2010 and operate for a period of 18 months while the second is scheduled to run from October 2010 for a period of 24 months; and each contract respectively has an 18- and 24-month optional extension period.
ARGAS would mobilize 2 fully independent OBC crews equipped with the latest Sercel SeaRay 4C equipment and recording systems, CGGVeritas added.
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