Baker Hughes, CGGVeritas Announce Collaboration

Baker Hughes Incorporated (NYSE: BHI) and CGGVeritas
(NYSE: CGV) announced today a collaborative
relationship to improve shale reservoir exploration.

Using reservoir models that integrate log-derived, near-wellbore
geomechanical and petrophysical properties from Baker Hughes with
calibrated seismic data from CGGVeritas, operators can optimize well
placement and completion design earlier in the asset lifecycle for more
efficient well construction and more productive wells.

Baker Hughes brings a broad portfolio of oilfield expertise and services
to the collaborative relationship, most notably its reservoir and
production engineering team and its Center of Reservoir Excellence

See full press release