CGGVeritas, Saudi Aramco Ink MoU for Geophysical Acquisition

France: CGGVeritas, Saudi Aramco Ink MoU for Geophysical Acquisition

CGGVeritas announced that it has signed a Memorandum of Understanding (MOU) with Saudi Aramco for collaborative research and development of geophysical acquisition, processing, analysis and interpretation technologies.

The MOU creates a framework for Saudi Aramco and CGGVeritas to identify opportunities for research, development and testing of advanced technologies, including: automation in the seismic value chain for oil and gas exploration and field development, permanent reservoir monitoring systems, non-seismic geophysics and inversion of seismic/non-seismic data.

Jean-Georges Malcor, CEO, CGGVeritas, said: “We are very honored to sign this MOU with Saudi Aramco, a world-leading energy producer. Over the past four decades, CGGVeritas has had the privilege of providing geophysical services to Saudi Aramco, mostly through our Saudi Joint Venture, Argas, with TAQA. We look forward to extending this long-standing relationship to best support Saudi Aramco well into the future.”

Thierry Brizard, Executive Vice President, Technology, CGGVeritas, added: “With our combined knowledge and expertise, the MOU with Saudi Aramco provides a pathway for collaborative research and development, which I expect will bring significant advancements to the science of geophysics and to the progress of reservoir characterization and management.”

Samer Al Ashgar, Manager, EXPEC Advanced Research Center, Saudi Aramco, pointed out: “We are pleased with this research cooperation with CGGVeritas, and look forward to augmenting EXPEC ARC’s research initiatives in the arena of geophysical technology, to fulfill Saudi Aramco’s long-term objectives in exploration and field development.”

CGGVeritas is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.

Subsea World News Staff, June 08, 2012; Image: CGGVeritas

Share this article

Follow Subsea World News

Events>

<< Dec 2016 >>
MTWTFSS
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Subsea UK Awards 2017

The Subsea UK Awards dinner and ceremony is an opportunity to join friends, colleagues and peers in celebrating the accomplishments…

read more >

13th Deepwater AsiaPacific 2016 (DAP2016)

They stronglyurge you to join them in this record-breaking event which is highly recognized for its unique networking opportunities,…

read more >

Offshore West Africa 2017

Offshore West Africa 2016 brought together a record-breaking attendance of oil & gas professionals, creating a vibrant networking experience,…

read more >

Subsea Expo 2017

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend. Registration gives you access…

read more >