Total year to date revenue of this activity as of end of September 2001 was Euros 6.0 millions. The transaction is expected to be closed before year end 2001.

The Osiris deal is another step in the strategic move by CGG to continue its re-focus on its core business. This strategic decision to re-focus has resulted in the sale of their Airborne Géophysical Division to Fugro in 1999, the sale in 2000 of Flagship, CGG's software interpretation division sale to Paradigm, and in 2001, the sale of Osiris the positioning business to Fugro.

Additionally and in aiding it's re-focus, in 1999 CGG purchased Mark Products, the manufacturing company of captors and cables for the seismic industry, Syntron the manufacturing company specialized in offshore seismic equipment, and in 2001 the two seismic vessels of Aker Geo.

For more information, contact Christophe BARNINI by e-mail at: cbarnini@cgg.com, or Tel : + (33) 1-64-47-38-10

The SeaSTAR Asset Monitoring Service (SAMS) is intended for use on both fixed and moving platforms, including buoys and operational vessels, permitting owners to monitor position, status and behavior of onboard sensors and systems, and to exercise remote control of key functions. The system is highly flexible and can be tailored to meet specific user requirements.

SAMS comprises four basic functions: (1) data collection and processing onboard the asset, (2) data transmission to and from the assets via SeaSTAR's message handling server, (3) analysis and presentation of data to suit user preferences and (4) alarms.

The basic onboard SeaSTAR installation includes a GPS/DGPS receiver, application processor, communications module and backup battery in case of external power supply failure. For more complex requirements, such as navigation and oceanographic buoy monitoring, Fugro offers the R-200 series of terminals that provide advanced outstation-initiated fault reporting with two-way data communications.

Data from the vessel is transmitted to shore via satellite or GSM to a secure web server maintained by Fugro SeaSTAR. For worldwide communications, the Inmarsat C , D+ or Orbcomm service may be used. For near-shore applications, GSM is preferred. The system can support two-way text messaging in addition to the data and alarm reporting.

Data can be accessed from the SAMS web server via an Internet browser using a dial-up or permanent connection. Multi-level password protection is provided. If the user desires to have the data on their own local- or wide-area network, SAMS data can be transferred to and from the Fugro server to the user's own network via an encrypted Virtual Private Network (VPN) between firewalls at each end. In this way, the client-installed system can integrate fully with existing IT infrastructure, while still using a standard HTML browser for viewing.

For alarms, the remote hardware can be configured for "exception reporting," so that it sends messages only when an alarm condition is triggered, thereby avoiding the need for constant polling, resulting in significant cost savings. In addition, the web-based monitor can be set up to notify a prioritized list of users, by fax, e-mail or SMS, whenever a particular situation arises.

"Fugro has a long history of broadcasting, collecting and managing data for the marine community," said Phil Milne, general manager. "Experience has shown that no single solution ever meets all user requirements. That's why we designed our asset monitoring and tracking services to provide flexibility and choice at every level, meeting the full range of user specifications."

Fugro SeaSTAR (UK) is an operating unit of Fugro N.V., a multi-national group of companies that provide geotechnical, survey and positioning services worldwide. More information on SeaSTAR services may be found at http://www.fugroseastar.com or contact Ian Padgham by e-maila t: i.padgham@fugroseastar.com or by Tel: +44 1224 257500 or at Fugro SeaSTAR (UK), Denmore Road, Bridge of Don, Aberdeen, Scotland AB23 8JW, UK.

One of these measures is a continuation of a shallow-water, deep-gas initiative begun with the year 2001 Gulf of Mexico offshore oil and gas lease sales.

• An incentive to drill for deep-gas deposits located in the shallow-water shelf area of the Gulf of Mexico (in water depths less than 200 meters) by providing for royalty suspension for the first 20 billion cubic feet (BCF) of production from a well drilled 15,000 feet below sea level.

This shallow-water, deep-gas measure is specifically designed to spur domestic natural gas production during the years 2003-2007. Several studies, including the report issued by the National Petroleum Council, indicate that the Nation's demand for natural gas will grow from the current 22 trillion cubic feet (TCF) of gas to 29 TCF of gas in 2010. This initiative, if adopted and implemented for several offshore lease sales, could contribute additional gas production in the range of 250 to 600 BCF in the period 2003 to 2007. Up to 10 percent of this incremental effect could be realized from proposed Sale 182 alone.

Included also in the proposed notice are both new and continued measures for increasing deepwater natural gas and oil production:

• A new incentive in the 400 to 799 meter water depth zone; the incentive would provide deepwater royalty relief per lease on the first 5 million barrels of oil equivalent (BOE). MMS analysis suggests that this incentive would encourage additional production earlier than with no royalty relief.

• Continuation of incentives similarly adopted in year 2001 Gulf of Mexico offshore lease sales; these incentives provide deepwater royalty relief in the 800 to 1,599 meter water depth zone (9 million BOE per lease) and 1,600 meter and greater water depth zone (12 million BOE per lease).

• Opportunity to apply for additional "discretionary" royalty relief, pursuant to new proposed rulemaking, if certain conditions are satisfied.

• An Information to Lessees provision concerning Subsalt Exploration; this provision alerts bidders that MMS may propose regulations that would amend requirements for the granting of a Suspension of Operations under limited circumstances. MMS recognizes the complexities of subsalt analysis and is considering proposing more time to a lessee to conduct the needed analysis to determine the best location for drilling a well.

Proposed Sale 182 encompasses about 4,407 available blocks in the Central Gulf of Mexico Outer Continental Shelf planning area offshore Louisiana, Mississippi, and Alabama. This area covers about 23.28 million acres. Blocks in this sale are located from 3 to 210 miles offshore in water depths ranging from 4 to more than 3,425 meters. Estimates of undiscovered economically recoverable hydrocarbons expected to be discovered and produced as a result of this sale proposal range from 150 to 440 million barrels of oil and 1.53 to 4.39 TCF of natural gas.

MMS is the federal agency in the U.S. Department of the Interior that manages the nation's oil, natural gas and other mineral resources on the outer continental shelf in federal offshore waters. The agency also collects, accounts for, and disburses mineral revenues http://www.mrm.mms.gov/Stats/disb.htm from federal and Indian leases. These revenues totaled nearly $8 billion last year and more than $110 billion since the agency was created in 1982. Annually, nearly $1 billion from those revenues go into the Land and Water Conservation Fund for the acquisition and development of state and federal park and recreation lands.

For more information, contact one of the following at MMS: Barney Congdon +504-736-2595, Caryl Fagot +504-736-2590, or Debra Winbush +504-736-2597. You can also visit their web site at http://www.mms.gov

As Hydrographic Applications Manager, Mr. Johnson will oversee the Customer Support department. He brings 20 years of experience in the marine survey industry. Mr. Johnson is a Certified Hydrographer and Registered Land Surveyor, having been immersed in multibeam technology for the past eight years both in the service industry with FUGRO and with RESON in previous years.

As RESON's new Customer Support Coordinator, Brett Evans will primarily field customer support inquiries. Mr. Evans has six years experience in customer support, employed by companies both in the United States and overseas.

Additionally, RESON provides engineering and technical support through offices in California, Florida, and Texas. RESON's customer support department may be reached via email at support@reson.com. Customer sales support is also continually available through offices located in California, Louisiana, Maryland, and via email at sales@reson.com.

About RESON
RESON is a leading provider of sonar equipment and software that meet the most stringent requirements of today's advanced hydrographic, offshore exploration, marine surveillance, and military applications. RESON provides compelling value to its global customer base by offering complete sonar solutions that span the entire spectrum of data collection, compilation, and presentation. With corporate offices in Denmark and a presence in 24 countries worldwide, RESON has been advancing state-of-the-art underwater acoustic technology for more than 25 years. For further information, please visit http://www.reson.com.

Tasks for the project are comprised of the pre lay survey, installation of over 600 mattresses for the pre and post lay crossings, and installing LBL arrays for both the Flowline & Umbilical Installation Contracts. Additionally, Sonsub is responsible for the metrology, fabrication, installation, installation engineering and resonance analysis for the 12-inch pigging loop jumper and nine, 6-inch diameter well jumpers. ROV intervention systems for Flying Leads and Methanol Line connections and sled installation operations round out the scope of services.

The umbilical and flowlines will be laid from the Canyon Station Platform at MP 261 to a termination point in MC Block 348. The umbilical system will control four subsea wells at the King's Peak Field, three to four subsea wells at the Aconcagua field and two subsea wells at the Camden Hills field.

Sonsub Providing Tooling for Canyon Express Project
Sonsub has been contracted to supply various tooling for the TotalFinaElf E&P USA, Inc.'s operated Canyon Express Project to include:

(1) 2 taut wire metrology tools with an accuracy of ± 1" over 100 ft. for use prior to Sonsub performing vertical jumper installations;
(2) An IHPU for the Castrol Transaqua Fluid Pumping Unit which will be capable of variable pressure control from the surface for 500-10,000 PSI;
(3) A Class 1-4 torque tool which can change out end effectors subsea;
(4) A Class 5 torque tool for 5,000 ft/lbs. torque operations;
(5) A manipulator deployed low torque tool with an internal break-over clutch that allows torque settings from 0-80 lbs. without over-torque concerns;
(6) A deployment basket which can carry 6 transponder frames as well as subsea completion tools for multi-tasking without vehicle recovery; and
(7) 6 docking frames to allow the ROV to dock on the subsea manifolds to allow close quarter manipulator operations.

These tools will be provided over the duration of the Canyon Express project for intervention and completion activities.

Sonsub, a Saipem Group company, is recognized as an established leader in the development and application of quality, cost-effective solutions for subsea environments. Specializing in subsea construction engineering and remote intervention, Sonsub maintains offices in the USA, United Kingdom, Norway, Italy and South East Asia. For more information, please contact Wade Abadie at Sonsub Inc., 15950 Park Row, Houston, TX 77084. Telephone: 281-552-5800. Fax: 281-552-5909. E-mail: wade.abadie@sonsub.com

This robust software system includes tools for the visualization and management of spatial information in port and harbours to create a truly integrated data model. An operational tool and a decision support system, BEAMS was designed by CARIS in close relationship with users such as the Canadian Coast Guard and leading port authorities around the world.

Features include bathymetric data modeling and analysis for sedimentation monitoring and shoal detection, cross-sectional profiling, bathymetric volume computations, and contour generation. Furthermore, data from operational distributed databases i.e. navigational aids, obstructions, structures and facilities, can be queried and displayed in conjunction with bathymetry and basemaps providing a truly integrated approach to information management.

Outputs from the system include field sheets, reports, plots, and bathymetry products. For data sharing and distribution, CARIS BEAMS makes use of the latest Internet/Intranet mapping tools to web-enable your bathymetric data. This allows more people to access information quickly and reliably since the data is securely shared at its source and in real-time.

"Ports and Waterways Authorities have long used CARIS brand software to meet an array of daily production and operational needs including bathymetric data post-processing and chart production", explains Kevin Wilson, Product Manager CARIS BEAMS. "BEAMS however integrates select functionality from existing CARIS software offering a single innovative solution specific to the needs of Ports Managers and Engineers."

CARIS is recognized worldwide for the development, distribution and support of software for the hydrographic and marine industries. Offering solutions for all anticipated geospatial data collection, processing and production needs within the broad marine environment, CARIS brand software embeds knowledge gained through work with hydrographic and maritime organizations around the world for more than 20 years. To learn more about CARIS visit http://www.caris.com.

The apMK12 consists of a control and display unit, which is designed to work with Leica's MX 421 or MX 421B smart antenna. When connected to the MX 421, the system provides autonomous accuracy of three meters or better. When used with the MX 421B DGPS antenna, it automatically applies differential corrections from beacon transmitters to achieve consistent accuracy of under one meter. The apMK12 displays latitude and longitude to four decimal places, for highest positioning precision.

The apMK12 has the industry's clearest and brightest sunlight-viewable screen, featuring large, easily readable graphics and text. At a glance, the mariner can see the ship's current position, bearing and distance to the next waypoint, course and speed over ground and cross track error. The plotter screen displays a 2D or 3D view of courses steered and planned route. The system is also programmable with tidal predictions for reference stations worldwide, sun and moon almanacs and details on all GPS satellites and DGPS beacon transmitters. The user can select display in nine different languages.

The apMK12 complements Leica's family of recreational marine GPS systems, which include the MK40 color chart navigator and MK20 B&W chart navigator.

Based in Torrance, California, and Copenhagen, Denmark, Leica Marine GPS is a business unit of Leica Geosystems Inc. Leica Marine GPS designs, manufactures and markets professional GPS products and systems for commercial and high-end recreational marine markets worldwide.

Leica Geosystems, with worldwide headquarters in Heerbrugg, Switzerland, has a more than 100-year heritage as one of the leading instrument and system innovators in surveying, industrial measurement and navigation. Leica is a worldwide registered trademark that stands for quality and service. For more information, click here...

Twenty-nine percent of the accepted bids were in deepwater ranging from 2,624 to 5,248 feet and have a lease term of ten years, and 13 percent of the bids were in ultra-deepwater (5,249 feet or greater) and have a lease term of ten years. Shallow-water blocks in water depths up to 655 feet with a 5-year lease term received almost 38 percent of the accepted bids. MMS now has a royalty relief provision for 20 Bcf of deep gas production (greater than 15,000 feet) in shallow shelf waters.

The highest bid accepted on a tract was a joint bid of $8,323,200 by Kerr-McGee Oil and Gas Corporation; Petrobras America, Incorporated; and Amerada Hess Corporation for Garden Banks Block 245. The second highest bid in the sale was $6,301,900 by Shell Offshore, Incorporated for Garden Banks Block 390, and the third highest bid was a joint bid of $5,635,000 by Kerr-McGee Oil and Gas Corporation; Petrobras America, Incorporated; and Amerada Hess Corporation for Garden Banks Block 289.

The highest bid and third highest bid in the sale were in the water depth interval of 400 to 799 meters (1,312 to 2,623 feet), and the second highest bid in the sale was in the water depth interval of 800 to 1,599 meters (2,624 to 5,248 feet). There were 50 companies participating in the sale, with 44 companies submitting bids. The companies that rank in the top ten in number of bids accepted for Sale 180 are:

For more information, contact one of the following at MMS: Barney Congdon +504-736-2595, Caryl Fagot +504-736-2590, or Debra Winbush +504-736-2597. You can also visit their web site at http://www.mms.gov

*** POSTPONED Oceanology Int. Pacific Rim, Singapore, Dec 4-6 ***