Veritas DGC Limited

Veritas DGC Limited

January 23, 2006 16:05 ET

Veritas DGC Limited Announces Major Data Library Agreement with the Republic of Kazakhstan

LONDON, UNITED KINGDOM--(CCNMatthews - Jan. 23, 2006) - Veritas DGC Limited (TSX:VTS)(NYSE:VTS), via its joint venture company Veritas Caspian LLP, has concluded an exclusive agreement with the Ministry of Energy and Mineral Resources of Kazakhstan for the acquisition of non-exclusive seismic data over the entire open acreage of the Kazakh sector of the Caspian Sea. Acquisition will commence in 2006 and will be coordinated with a series of forthcoming licensing rounds.

The Kazakhstan data library project, officially named the "State Geophysical Survey of the Republic of Kazakhstan," will be the core focus of Veritas Caspian in this key oil and gas industry growth area. Veritas Caspian has the infrastructure, financial resources and support facilities to meet the challenges of this extensive operation. Veritas Caspian is a joint venture company formed between Veritas DGC and Kazmorgeophysica CJSC, which is a subsidiary of the established offshore support company Caspian Services, Inc. based in Almaty.

Elwyn Jones, Vice-President of Veritas DGC, said "Veritas Caspian is delighted to have been selected by the Ministry of Energy and Mineral Resources to join with it in this strategically important initiative to help accelerate the realization of the hydrocarbon potential of the Kazakh sector of the Caspian Sea".

Kerry Doyle, President of Veritas Caspian stated "The non-exclusive data library concept has proven to be a powerful tool for government bodies to attract investment within their respective oil and gas sectors. It is highly cost effective and, when coupled with a well organized and robust licensing regime, is enormously attractive to the international oil and gas industry".

The Company cautions that statements in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements as to expectations, beliefs and future financial performance, such as statements regarding our business prospects. All of these are based on current information and expectations that are subject to a number of risks, uncertainties and assumptions. These risks and uncertainties are more fully described in our reports filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material respect from those currently anticipated.

Veritas DGC Limited is a wholly-owned subsidiary of Veritas DGC Inc. (NYSE & TSX: VTS). Veritas DGC Inc., headquartered in Houston, Texas, is a leading provider of integrated geophysical information and services to the petroleum industry worldwide.

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