CGG: Delivers Final PreSDM Data Sets for Gabon South Basin Multi-Client Survey
CGG Delivers Final PreSDM Data Sets for Gabon South Basin Multi-Client Survey
Paris, France - December 1, 2016
CGG announced today that the final processed depth volumes (Kirchhoff and RTM PreSDM) from the company`s recent 3D BroadSeis(TM) multi-client survey in the highly prospective Gabon South Basin are now available for license.
As technical consultant to the Gabonese Republic`s Ministry of Petroleum and Hydrocarbons, CGG acquired the broadband seismic survey of over 25,000 km2 to support Gabon`s 11th Licensing Round. The seismic survey is part of an integrated geoscience program that will also include reviewed, resolved and interpreted well and geological data, in order to provide a petroleum systems evaluation supported by regional interpretations and reports.
Jean-Georges Malcor, CEO, CGG, said: "The Gabon deep offshore is one of the last underexplored areas of the West Africa Atlantic Margin. The final data sets we have just delivered from our survey show a spectacular uplift in subsalt imaging. We believe these images will revolutionize the industry`s understanding of deepwater Gabon and be a valuable resource for clients to de-risk and unlock the potential of this promising exploration arena."
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 around 6,000 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 | Investor Relations |
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CGG via GlobeNewswire
HUG#2060756