372
39
th
Annual Report
Joint Seismic Data Processing Center with CGG:
The Seismic Data Processing Center, jointly established by AGESCO
and CGG VERITAS, ceased activity in 2011 due to the events that took
place in Libya.
Financial Results for the First Half of 2011
Operating and other revenues totaled Libyan Dinars 10,383, while expenses
totaled Libyan Dinars 16,791, realizing a loss of Libyan Dinars 6,448.
Manpower and Training
The company’s training and development program was completely
ceased as a result of the events that took place in Libya in 2011.
By the end of 2011 the company had 218 employees, out of whom 217
were Arabs, and one foreigner.
2. Crew Activity in the First half of 2012
Crew AG-002
The crew resumed activity after a cessation of one year due to the events
in Libya. The crew continued surveying for Arabian Gulf Oil Company in
concession No. 47, and completed 165.20km2 in May, and 237.88km2 in June.
The total productivity of this crew for the period in question was 403.08km2.
Crew AG-003
The crew resumed activity after a cessation of one year due to the events
that took place in Libya for Arabian Gulf Oil Company in concession
No. MN-4, accomplishing 34.42km2 in February, 232.58km2 in March,
217.45km2 in April, 236.48km2 in May, and 228.94km2 in June, totaling
949.87km2 for the period.
AGESCO/CGG VERITAS Seismic Data Processing Center
AGESCO/CGG VERITAS Seismic Data Processing Center ceased activity
in 2011 due to the events in Libya, and has not resumed activity to this date.
