Regulatory Filings • Jun 14, 2018
Regulatory Filings
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Paris, France – June 14, 2018
CGG has completed the Pre-Stack Time Migration (PSTM) of its 2,500-sq-km Dunquin multiclient survey acquired in Block 44 of the Porcupine Basin, west of Ireland, in 2017. Dunquin is the latest in a series of multi-client surveys that CGG has recently been acquiring in the area, totaling 10,500 sq km of 3D and around 2,000 km of long-offset 2D broadband data. PSDM products for its 2016 Galway and Cairenn surveys were delivered last year.
Similar to CGG's Galway and Caireen surveys, the Dunquin data will be processed through advanced velocity modeling and depth imaging, following industry funding. Initial FWI results – as illustrated in the image below – reveal important details of the carbonate reservoir that forms the Dunquin structure.
Luc Schlumberger, EVP, Multi-Client & New Ventures, CGG, said: "Our new Dunquin data set adds to our high-quality coverage west of Ireland, shedding new light on the characteristics of known and undrilled structures. It will enhance industry understanding of potential areas of interest in this still unexplored region."
A preliminary FWI test reveals geologic details of a buried volcanic island and coral reef atoll (image courtesy of CGG Multi-Client & New Ventures).
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 businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs around 5,300 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: 0013181864) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).
Contacts
Group Communications Christophe Barnini Tel: + 33 1 64 47 38 11 E-Mail: : [email protected] Investor Relations Catherine Leveau Tel: +33 1 64 47 34 89 E-mail: : [email protected]
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