CGG
paris : GA

June 12, 2013 01:37 ET

CGG awarded first proprietary BroadSeis 3D survey in Colombia, extending Latin American coverage

PARIS--(Marketwired - Jun 12, 2013) - CGG announced today that it has been awarded a contract by a subsidiary of Anadarko Petroleum Corporation and partner Ecopetrol to acquire and process a 5,500-km2 3D BroadSeis™ seismic survey on the Caribbean coast offshore Colombia. This is the largest marine seismic program ever acquired in Colombia and the first proprietary BroadSeis survey to be conducted in the country.

The survey, covering portions of the Col 5; Ura 4, Fuerte Norte, Fuerte Sur and Purple Angel blocks, will be acquired by the CGG Viking towing a 10 x 100 x 7050 m spread in a BroadSeis configuration using steerable Sercel Sentinel® solid streamers and CGG's proprietary Dovetail™ efficient acquisition solution designed to achieve more regular sampling and reduce infill. The survey will start in the third quarter of 2013 and is expected to take four months. The survey data set will be processed in CGG's Houston data center.

BroadSeis, CGG's broadband marine solution, offers market-leading bandwidth, which will enhance imaging in this geologically challenging area known for its heavy faulting and strong multiple mask. BroadSeis will provide improved resolution of shallow targets and better penetration for the imaging of deeper objectives.

Jean-Georges Malcor, CEO, CGG, said: "We are pleased to win this contract. We look forward to working closely with Anadarko to maximize the benefits of BroadSeis for unlocking the potential of Colombia, a country where we have acquired ten surveys since 2006. CGG has now acquired over 50 BroadSeis surveys worldwide since its launch in 2010, confirming the position of BroadSeis as the industry's preferred broadband technology."


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).


CGG - 1st proprietary BroadSeis 3D survey in Colombia: http://hugin.info/142000/R/1708650/566136.pdf


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Source: CGG via Thomson Reuters ONE

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