GlobeNewswire Inc | Jan 18, 2022 01:30AM EST

January 18, 2022

CGG Awarded Multi-Year Extension of Dedicated 4D PRM Imaging Center for Equinor

Paris, France January 18, 2021

CGG has been awarded a three-year contract extension to continue operating a dedicated permanent reservoir monitoring (PRM) imaging center in Equinors Stavanger offices. Equinors asset teams analyze the 4D seismic images delivered by CGGs imaging experts within days of acquisition in order to optimize production management and recovery from the Johan Sverdrup, Snorre and Grane fields in the Norwegian North Sea.

Peter Whiting, EVP, Geoscience, CGG, said: This contract renewal recognizes the unparalleled experience CGG has gained over the last decade as the industrys preferred imaging partner for major offshore PRM projects. This imaging center is an excellent example of the market-leading dedicated seismic imaging solutions and in-house technical excellence we deliver to clients worldwide.

The extended PRM imaging contract will run from 1 January 2022 until 31 December 2024. CGGs team of experts in Norway will leverage the companys latest high-end 4D and velocity model building technologies to continue delivering seismic images of the highest quality within tight turnaround times to meet client requirements.

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 RelationsChristophe BarniniTel: + 33 1 64 47 38 11E-Mail: christophe.barnini@cgg.com

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-- CGG - Press Release pdf version