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    CGGVeritas describes updated seismic fleet

    Vessel & ROV News // October 4, 2007

    CCGVeritas says the creation of the new CGGVeritas fleet of seismic survey vessels has produced not only the largest fleet of seismic vessels in the industry, but also what it claims is "the most flexible and adaptable fleet in terms of streamer capacity and acquisition configurations." 

    The company is currently in a position to offer vessels all around the world, optimizing global vessel availability and servicing the whole range of market demands. "The specific geophysical requirements of any market or project can be met, including long-offset, single-streamer 2-D; high-capacity multi-streamer 3D; densely sampled highly repeatable 4D; and wide-azimuth, multi-azimuth, high-resolution and long-offset surveys for imaging complex substrates," said the company in a statement.

    "Thus the company’s fleet, with its combination of availability and flexible configurations targeted at specific market segments, affords us an unrivalled capability to provide the service our clients expect."

    "Through the difficult years in the seismic industry, as seismic spending dramatically decreased, it became an industry characteristic that seismic vessels were rarely retired, but were continually renewed and modified through cycles of upgrades and re-builds. We are now entering a new era where our clients increasingly recognize the value that advanced seismic technology can bring to the reduction of risk associated with exploration and development," said the company.

    "Accordingly, CGGVeritas commenced a programme to not only expand our global marine acquisition capability and to align our fleet performance with the high-end requirements of the market, but also to achieve strategic fleet renewal."

    "Today, having been active in continuously upgrading our fleet for optimum performance, we are moving ahead with our renewal programme. This consists of progressively retiring the older, less flexible hulls in our fleet and replacing them with high-end, advanced specification vessels specifically configured to deliver optimum performance and to comply with, and surpass, industry requirements far into the future."

    "CGGVeritas is perfectly placed to follow this strategy," claimed the company, "as we own many of our vessels and the charter periods for the other vessels are offset, so that we retain maximum flexibility regarding our fleet size and configuration over the next 10 years."


     

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