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IG SEISMIC SERVICES announces a two-year contract

18th Jul 2013 15:11

RNS Number : 6589J
IG Seismic Services PLC
18 July 2013
 



 

 

IG Seismic Services PLC

 

IG SEISMIC SERVICES ANNOUNCES A TWO-YEAR CONTRACT

FOR SEISMIC EXPLORATION IN INDIA

 

Moscow, July 18, 2013

 

IG Seismic Services PLC ("IGSS" or the "Company", LSE: IGSS), the leading pure-play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally, announces a two-year contract for seismic exploration works in India.

CAIRN INDIA LIMITED, large private Indian oil company and Azimuth Energy Services JSC, member of IGSS, have signed a two-year contract for seismic exploration works in India (site near Barmer City of Rajasthan State). The agreement envisages conducting seismic exploration works, using 3-D technology. The works may cover over 1,500 square kilometers (over 200,000 shot points). The start of works is planned for the beginning of October 2013.

 

Rustam Rakhmatulin, Senior Vice President for Sales and Marketing, commented:

 

«Large international companies from Poland, USA, India and Kazakhstan competed to win this tender. We are honored to be entrusted to do the job, since the project of such complexity can be carried out only by a large, reliable and technologically advanced company. We understand the responsibility, and intend to implement the project at the highest level. For us this contract is important and welcomed - it represents a logical part of the Company's development strategy».

 

 

 

 

Contacts

 

For further information please visit www.igseis.com or contact:

 

Связи с общественностью IGSS

Виктория Смирнова

+ 7 495 580 7882 доб. 396

[email protected]

 

 

Связи с инвесторами IGSS

Ольга Попова

+ 7 495 580 7882 доб. 129

[email protected]

 

 

 

This document may contain "forward-looking statements" which include all statements other than statements of historical fact. Such forward-looking statements can often be identified by words such as "plans", "expects", "intends", "estimates", "will", "may", "continue", "should" and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the IG Seismic Services PLC's (the "Company") control that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as at the date as of which they are made, and neither the Company, nor any of its respective agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. The information and opinions contained in this document are provided as at the date of this document or as otherwise specified herein and are subject to change without notice.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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