PARIS, Dec. 10, 2013 (GLOBE NEWSWIRE) -- CGG announced today that it has signed a contract with the Norwegian Petroleum Directorate (NPD) relating to the Seismic, Well and Production modules in the Diskos database, the National Data Repository of Norway. The scope of the contract includes implementation of software during 2014 and operation of the database from 2015 through to the end of 2020.
The Diskos database is a shared solution that aims to streamline data management through shared electronic storage and distribution of seismic, well and production data of Norway. The Diskos group was originally launched in 1995 by the NPD, Statoil, Norsk Hydro, Mobil and Saga Petroleum and now has 56 oil company members as well as a number of service companies and all the Norwegian universities.
Nearly 600 terabytes of digital seismic, well and production data are currently managed by the database and the data volume is expected to grow significantly in the coming years. CGG will deploy TrangoTM, its E&P database solution. It has selected two partners, KADME, a Norwegian software company, which will provide local expertise and its WhereoilTM software platform, and EVRY, a Nordic data center company, which will provide the IT infrastructure and the hosting environment. The location will be the Green Mountain Data Center, a progressive, environmentally friendly site for storing large volumes of data, on the island of Rennesøy, near Stavanger, Norway.
Jean-Georges Malcor, CEO, CGG, said: "CGG is delighted to win the Diskos contract after submitting the best proposal for all three modules. We welcome this first major contract for our Data Management Services group since they joined CGG following our acquisition of Fugro Geoscience. Our Data Management services are world-renowned for their ability to manage large geoscience data warehouses that store hundreds of petabytes of data. This contract is expected to yield considerable savings and enhance productivity for the Diskos members by enabling them to share their reference E&P data in a single location and gain easy and immediate access to their data."
CGG ( www.cgg.com ) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary business divisions of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation.
CGG employs over 9,800 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.
CGG is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).
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CGG signs Diskos Data Management Contract http://hugin.info/142000/R/1748562/588946.pdf