IDSL & CGG announce renewal of Cooperation Agreement

Paris, March 4th 2002

Integrated Data Services Ltd. (IDSL), the geophysical services division of the National Nigerian Petroleum Coorporation (NNPC) are pleased to announce the renewal of their Cooperation Agreement with Compagnie Générale de Geophysique (CGG) for Seismic Data Processing Services.

IDSL have jointly operated a Processing Centre with CGG since 1985. The first Centre was installed in Benin City and was subsequently relocated to Port Harcourt in 1999. The Centre is equipped with state-of-the-art computing infrastructure in order to perform Land & Marine 2D, 3D & 4D Seismic Data Processing Services. CGG as the preferred technical partner, provide Geophysical Support and their industry-renowned GeovecteurPlus Software Package.

The IDSL/CGG Cooperation Agreement covers the processing of all seismic data acquired in Nigerian territory. It is sufficiently flexible to allow for both incountry processing in the IDSL Centre in Port Harcourt and outcountry processing in one of CGG’s Mega-Centres in Europe or North America depending on the size of the project and Clients preference. In all cases CGG provides its usual guarantee of quality, turnaround & project management and looks after all Client communications and contract management issues. The Cooperation Agreement provides for substantial Nigerian content which is becoming an increasingly important issue for the Oil Companies operating in Nigeria and comes with the full support of NNPC.

B.A.H. Isah, IDSL’s Executive Director Operations, commented, “We in IDSL are pleased to renew our Cooperation Agreement with CGG who remain our preferred technical partner for seismic data processing services.” S. Bishop, CGG’s Vice President for Data Processing & reservoir Services for the EAME & Asia-Pacific Region, said, “CGG are committed to providing geophysical services in Nigeria and we see our continuing relationship with IDSL as instrumental in achieving this.”

For further information, please contact :

Steve Bishop (sbishop@cgg.com) Tel. : +44 20 8231 8000