Paris, France - April 3, 2013
CGG announced today that it has started acquiring Phase 1, known as Halten Terrace, of its Steppingstone BroadSeisTM 3D multi-client survey program offshore Norway. This is the first time CGG has acquired a 3D multi-client survey in the Norwegian North Sea using its proven broadband marine solution and the project has received high prefunding from the industry.
The Halten Terrace survey or Steppingstone Phase 1 covers 2,260 km² over the highly prospective Halten Terrace and targets the southern trend of already producing Jurassic reservoirs and discoveries in the Cretaceous. The survey is being acquired by the Oceanic Champion and the operation is expected to last three months.
The BroadSeis acquisition and processing parameters for this survey are being optimized to focus on providing better imaging of prospective Jurassic rotated fault blocks, inversion anticlines and shallow targets. The survey is expected to open up potentially prospective late Cretaceous/Tertiary turbidite plays to the west.
Jean-Georges Malcor, CEO, CGG, said: "After the success of several proprietary BroadSeis surveys for clients offshore Norway in 2011 and 2012 we decided to make our technology and experience available for this first BroadSeis 3D multi-client survey in the Norwegian shelf. Close dialogue with oil companies operating in the area confirmed strong industry interest for this high-end technology to produce the new and modern 3D data needed to improve imaging of the complex geology. We believe that our BroadSeis multi-client data set will bring valuable insight to the industry and increase exploration activity in this high-potential area."
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 business divisions of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation.
CGG employs over 9,800 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: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).
Contacts
| Investor Relations Christophe Barnini Tel: +33 1 64 47 38 11 E-Mail: invrelparis@cgg.com | Group Communications Antoine Lefort Tel: +33 1 64 47 34 89 E-mail: media.relations@cgg.com |
