CGG awarded major OBC contract by Pemex

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CGG awarded major OBC acquisition and processing contract by Pemex

Paris, France – August 11, 2014

 

CGG announced today that Pemex recently awarded CGG a contract worth close to US $200m for ocean bottom cable (OBC) 3D-4C seismic work in one of the oil company’s most important producing areas, the Ku Maloob Zaap oil field and the light crude oil fields of the Bay of Campeche in the Gulf of Mexico.

The acquisition will be conducted by Seabed Geosolutions - the joint venture that CGG and Fugro incorporated in early 2013 to handle all seabed-related seismic acquisitions. CGG will be processing all in-field data for Pemex. Operations started in late July and are expected to be finalized in the third quarter of 2015.

Stephan Midenet, Executive Vice President, Land, CGG, and Board member of Seabed Geosolutions, said: “We are delighted that Pemex is continuing its long-term relationship with CGG through this award of a major OBC seismic survey in such a prolific region of the Gulf of Mexico. We are confident that the pioneering seabed acquisition technology of our Seabed Geosolutions joint venture with Fugro will successfully combine with CGG’s subsurface imaging expertise to bring Pemex the critical insight they need to make confident, informed decisions on field development and production in the Bay of Campeche.”

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 9,500 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.

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