Companies in the news ///

Schlumberger Ltd has acquired Ødegaard A/S, the Copenhagen-based supplier of advanced surface seismic data inversion software. Ødegaard, which will become part of WesternGeco, specializes in applications of seismic data to determine rock parameters critical to better reservoir characterization and improved oil and gas recovery. Drilling contractor KCA DEUTAG picked up two major awards at the annual safety awards event organized by IADC. The company won the platform drilling category of Best Statistical Safety Performance during 2005 Award, which recognizes the company with the lowest number of incidents per number of man-hours in 2005. KCA DEUTAG also won a Merit Award for working six years without a reportable injury on the Beryl Bravo platform. Veritas DGC Inc. signed a letter of intent with Matco Capital Ltd. (Matco) to sell its land seismic-acquisition business for an undisclosed amount.

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