GlobeNewswire Inc | Nov 11, 2021 01:30AM EST

November 11, 2021

CGG, TGS and BGP Commence Acquisition of Suriname 3D Phase 1

Paris, France November 11, 2021

Further to the announcement on October 20, 2021 of a signed agreement with Staatsolie for multi-client programs offshore Suriname, CGG, a global geoscience technology leader, in a consortium with TGS and BGP, today announced that acquisition for Phase 1 of the Suriname 3D project has commenced.

This 3D survey is adjacent to the prolific Block 58 and will cover the up-dip portions of the same Upper Cretaceous channel systems proven successful recently.

Phase 1 includes 11,100 square kilometers of new 3D seismic data acquisition and 3,000 square kilometers of 3D seismic data reprocessing. The acquisition will be undertaken by the BGP Prospector.

CGG will process all of this multi-client data in its Houston subsurface imaging center using a high-end depth imaging workflow, including its proprietary technologies: Time-Lag Full-waveform Inversion (TLFWI) and High-frequency FWI Imaging.

Early products will be available from April 2022 with final TTI Kirchhoff PSDM products ready from November 2022.

This project is supported by industry funding.

About CGG

CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

Contacts

Group Communications & Investor Relations

Christophe Barnini Tel: + 33 1 64 47 38 11E-Mail: christophe.barnini@cgg.com

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-- CGG - Press Release pdf version