Under the terms of the contract, the seismic acquisition program began in August 2008 and is scheduled for completion in the autumn of 2009.

As part of the agreement, the company will be subcontracting part of the work to Veritas Caspian, the 50-50 joint venture between CGGVeritas and Kazmorgeophysica, a subsidiary company of Caspian Services.

The Caspi Meruerty Operating Company (CMOC) is the operator of the Pearls contract area which encompasses an area of 895sqkm in the Kazakhstan sector of the Caspian Sea.

Laird Garrard, CEO of Caspian Services, said: Being awarded this contract is further recognition of our ability and expertise in providing technical data collection services in addition to the a wide range of offshore oil field services we provide to field operators working in the Caspian Sea.