CGG: Adds New Santos VIII Multi-Client Survey to its Unique Regional Broadband Coverage Offshore Brazil
15 March 2018 - 5:31PM
CGG Adds New Santos VIII Multi-Client Survey
to its Unique Regional Broadband Coverage Offshore Brazil
Paris, France - March 15, 2018
CGG has commenced acquisition of a large
broadband 3D multi-client survey in the pre-salt area of the
deepwater Santos Basin. Santos VIII is the most recent survey in
CGG's vast on-going pre-salt program that delivers ultramodern
seismic data, enabling exploration companies to better evaluate
pre-salt opportunities in advance of Brazil's pre-salt licensing
rounds.
Santos VIII covers an area of over 8,000 km2
adjacent to the Peroba, Pau Brasil and Boumerangue fields. The
resulting BroadSeis(TM) data will be imaged with CGG's advanced
full-waveform inversion (FWI) technology in its Rio de Janeiro
Subsurface Imaging Center and merged with the Constellation
reprocessing project to provide a regional broadband image of this
prolific basin. Fast-track products will be available in the fourth
quarter of 2018 and final products will be available in the second
quarter of 2019.
Constellation is a 44,000 km2 project that
upgrades CGG's existing Cluster and Cluster Extension surveys with
its latest subsurface imaging technology, including 3D deghosting
with bandwidth extension and TTI FWI velocity model building, to
provide detailed broadband pre-salt images.
Jean-Georges Malcor, CEO, CGG, said: "The
addition of Santos VIII will extend our world-class broadband data
coverage in the highly prospective deepwater Santos Basin. It is
the latest instalment of our contiguous volume of over 94,000 km²
of seismic data and integrated geologic studies that bridge the
Santos and Campos Basins to cover the entire pre-salt area. These
multi-client data sets are an essential resource for oil and gas
companies to complete a detailed picture of the complex Santos
Basin in advance of Brazil's future licensing rounds."
About CGG
CGG (www.cgg.com) is a fully integrated
Geoscience company providing leading geological, geophysical and
reservoir capabilities to its broad base of customers primarily
from the global oil and gas industry. Through its three
complementary businesses of Equipment, Acquisition and Geology,
Geophysics & Reservoir (GGR), CGG brings value across all
aspects of natural resource exploration and exploitation. CGG
employs more than 5,300 people around the world, all with a Passion
for Geoscience and working together to deliver the best solutions
to its customers.
CGG is listed on the Euronext Paris SA (ISIN:
0013181864) and the New York Stock Exchange (in the form of
American Depositary Shares. NYSE: CGG).
Contacts
Group
Communications Christophe BarniniTel: + 33 1 64 47 38
11E-Mail: : invrelparis@cgg.com |
Investor RelationsCatherine LeveauTel: +33 1 64 47 34
89E-mail: : invrelparis@cgg.com |
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