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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (11649)	7/8/1998 3:10:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15196

SERVICE SECTOR / Veritas DGC Inc. Sets New Industry Marine Streamer Towing Record Innovative long offset acquisition technique may have world-wide application HOUSTON--(BUSINESS WIRE)--July 7, 1998-- Veritas DGC Inc. (NYSE:VTS - news; ToSE:VTS) today announced the successful deployment of a 12,000-meter streamer from its new flagship seismic acquisition vessel, the SRV Veritas Viking. This new industry towing record was set during the commencement of acquisition of their innovative long offset seismic program in the White Zone/Faroes area of the Atlantic Margin. ''This year's survey has been designed to record converted waves to image sediments below the high velocity basalts common in this area,'' says Elwyn Jones, vice president, business development of Veritas DGC Limited. ''Conventional long offset surveys have utilized the Wide Aperture Recording (WAR) technique which uses alternating sources and increasing separation between two vessels to build up the longer offset coverage required for converted wave imaging. However this technique has several technical limitations, as well as being commercially expensive. This survey is the first time a 12 kilometer streamer has been towed from a single vessel, and it is hoped that if successful will be a precursor to a long offset 3D in this area.'' ''The Viking series of vessels have been designed to tow multiple arrays of ultra-long streamers'' says Dave Pratt, president of Veritas Geophysical Services. ''The success of this project demonstrates again the benefit of strategic alliances with our equipment vendors, in this case Syntron Inc. without whom this towing record would not have been possible. We will be using this ultra-long streamer capability on several of our current and future multi-client data library programs both in the Gulf of Mexico and West of Britain''. Veritas has been the leading provider of high quality speculative 3D surveys in the White Zone/Faroes area over the past five years, and have again received strong industry support for this year's surveys. The long offset acquisition technique could have potential application in several other areas with similar high velocity layers, such as the carbonates present offshore in Western Australia or the salt intrusions in the Gulf of Mexico. Veritas DGC Inc. is a leading provider of land, transition zone and marine-based seismic data acquisition, seismic data processing, and data library surveys to the petroleum industry in selected markets worldwide.