CGG: CGG Awarded Barents Sea Imaging Contract by Lundin Energy Norway

Rhea-AI Summary

CGG has secured a significant project from Lundin Energy Norway AS for seismic imaging in the Nordkapp basin of the Barents Sea. This involves a 3700 km² simultaneous node and streamer 3D survey, utilizing TopSeis™ technology and sparse ocean-bottom nodes. The data will be processed at CGG's imaging center in Massy, France, employing advanced velocity model techniques to enhance geological understanding. This partnership aims to improve the efficiency and safety of Lundin's operations in the region.

Positive

• Awarding of a major seismic imaging project by Lundin Energy Norway AS.
• Utilization of advanced TopSeis technology for enhanced imaging results.
• Project aims to improve understanding of complex geology in the Nordkapp Basin.

Negative

• None.

Paris, France – June 22, 2021

CGG has been awarded a major project by Lundin Energy Norway AS for the seismic imaging of an innovative simultaneous node and streamer 3D survey currently being acquired over a 3700 km² area of the Nordkapp basin in the Barents Sea.

The survey combines TopSeis™, the source-over-spread seismic technology developed by CGG in collaboration with Lundin, with the deployment of sparse ocean-bottom nodes. This configuration is designed to obtain a high-definition image of the sedimentary basins and accurately image the numerous salt flanks to improve the understanding of trap mechanisms, deformation and faulting near salt-sediment interfaces.

Capitalizing on CGG’s unrivalled experience in both TopSeis and OBN imaging, this high-end data will be processed at CGG’s Massy subsurface imaging center in France where its industry-leading proprietary velocity model building and depth imaging technologies, including CGG’s time-lag full-waveform inversion and full-waveform inversion imaging, will be deployed to derive an extremely accurate velocity model and ensure the best possible imaging results.

Peter Whiting, SVP, Geoscience, EAME, CGG, said: “This award builds on CGG’s successful technical partnership with Lundin which has spearheaded the development of several revolutionary new imaging concepts to address Lundin’s specific geological challenges. We look forward to delivering the high-definition images from this new survey that will provide an enhanced understanding of the complex geology of the Nordkapp Basin and enable Lundin to operate more efficiently and safely.”

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 11 E-Mail: christophe.barnini@cgg.com

Attachment

• CGG - Press Release pdf version

FAQ

What project has CGG been awarded from Lundin Energy?

CGG has been awarded a major seismic imaging project for a 3D survey over a 3700 km² area in the Nordkapp basin.

What technology will CGG use for the seismic imaging project?

CGG will utilize TopSeis™ technology along with sparse ocean-bottom nodes to conduct the seismic imaging.

Where will the data from the CGG project be processed?

The data will be processed at CGG's Massy subsurface imaging center in France.

What is the significance of the Nordkapp Basin project for Lundin Energy?

The project aims to enhance Lundin's understanding of the geology, improving operational efficiency and safety.