Regulatory Filings • Apr 10, 2013
Regulatory Filings
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Paris, France – April 10, 2013
CGG announced today that it has been awarded two contracts by Statoil ASA to provide longterm seismic imaging services for permanent reservoir monitoring (PRM) operations on the Snorre and Grane fields in the Norwegian sector of the North Sea. The scope of each contract also includes acquisition QC services.
The contracts are for an initial fixed term of four years for each field, with an option for Statoil to extend each contract by two further terms of two years each. The first survey is scheduled to commence on 1 October 2013 over the Snorre field.
CGG will set up two PRM dedicated processing centers within Statoil's offices in Stavanger and Bergen. In this way, acquisition QC and imaging of the data from each repeat survey will be performed by a team of CGG specialists in close collaboration with Statoil's Snorre and Grane asset teams.
Jean-Georges Malcor, CEO, CGG, said: "These two new awards build on CGG's already significant PRM imaging experience on the Clair and Ekofisk projects in the North Sea. In the case of Ekofisk, the CGG group provided a fully integrated PRM solution covering the equipment, data acquisition and processing. By winning these new Snorre and Grane awards for acquisition QC and imaging we have confirmed our position as the leading provider of PRM seismic imaging services."
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).
Investor Relations Contact Christophe Barnini Tel: +33 1 64 47 38 11 E-Mail: [email protected]
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