Business Services Industry
Norway's Global Geo-Services ASA receives contract for tender rig Alligator from Petronas Carigali
Nordic Business Report, April 4, 2008
NORDIC BUSINESS REPORT-4 April 2008-Norway's Global Geo-Services ASA receives contract for tender rig Alligator from Petronas Carigali(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Norwegian seismic company Global Geo-Services ASA (OSE:GGS) said on Friday (4 April) that it has received a four-year contract for its tender rig Alligator from the Malaysian oil company Petronas Carigali.
The contract covers work offshore Malaysia, is valued at approximately USD200m and has the potential to be extended by one year.
The Alligator is currently operating for Chevron offshore Angola, but will be transferred to Malaysia early next year.
Global Geo-Services, headquartered in Oslo, Norway, provides seismic data processing, multi-client surveys and offshore acquisition. The company reported revenue of NOK149m in 2007.
One British pound (GBP) is worth approximately 2.00 US dollars (USD). One British pound (GBP) is worth approximately 10.15 Norwegian kroner (NOK).
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