Geotrace Awarded Khalda 3D Processing Contract

CAIRO – May 12, 2005 - Geotrace has been awarded a two year contract by the Khalda Petroleum Company for 3D Seismic Processing in their onshore Khalda concession, the Western Desert, Egypt.

Khalda Petroleum is a Joint Venture between EGPC and the Apache Corporation, who hold a 100 percent contractor interest. The work will be carried out in Geotrace’s Middle East Reservoir Services Center in Nasr City, Cairo. “We are pleased to be selected by Khalda for such a technically demanding project to be carried out in Cairo,” commented Bill Schrom, CEO of Geotrace.

For more information, contact Geotrace.