CGG: CGG, TGS and BGP Sign Agreement with Staatsolie for Multi-Client Programs Offshore Suriname
CGG, in collaboration with TGS and BGP, has signed a multi-client agreement with Staatsolie for seismic programs in offshore Suriname, announced on October 20, 2021. This initiative will involve acquiring new 3D seismic data and reprocessing existing data in the region's shallow water acreage, which includes newly awarded blocks and additional open acreage. The new data aims to enhance understanding of the area's potential, particularly following recent discoveries in block 58. Initial data acquisition is set to begin in Q4 2021, with results expected in H1 2022.
- CGG signs a significant multi-client agreement with Staatsolie, enhancing its market position.
- The program aims to provide critical seismic data, potentially increasing exploration opportunities in Suriname.
- Initial data acquisition scheduled to start in Q4 2021, with expectations of new insights into the region's geology.
- None.
CGG, TGS and BGP Sign Agreement with Staatsolie for Multi-Client Programs Offshore Suriname
Paris, France – October 20, 2021
CGG, a global geoscience technology leader, in a consortium with TGS and BGP, today announced the signature of a multi-client agreement with Staatsolie, the state-owned company leading the development of the energy industry in the Republic of Suriname. The agreement allows the consortium to acquire, promote and license multi-client seismic programs, including new 3D acquisition and legacy data reprocessing, in the shallow water acreage offshore Suriname.
Suriname’s shallow offshore acreage includes three blocks recently awarded, and current open acreage slated to be offered in a competitive bid round for 2023. The new seismic data from the consortium’s multi-client programs will be instrumental in accurately delineating the prospectivity and potential of this underexplored area and is on trend with the recent material discoveries announced on the prolific block 58.
Plans are in place to start acquiring the new 3D seismic data in the shallow offshore area from Q4 2021 with first products being made available during H1 2022.
Sophie Zurquiyah, CEO, CGG, said: “CGG brings its multi-client expertise and high-end imaging technology to this major new program that marks our return to the Guyana-Suriname basin after our successful campaign in the Stabroek block. The resulting exceptional data will bring new insight and potentially extend the trend of recent significant discoveries to the shallow waters of Suriname.”
Kristian Johansen, CEO at TGS, commented: “We are pleased to announce entry to Suriname to continue successful evaluation of the region’s potential. With this exciting multi-client agreement, the consortium will play a key part in encouraging and enhancing future exploration in Suriname, ultimately helping our customers de-risk their investment opportunities.”
Luo Junchao, President of BGP Offshore, commented, “We are excited to be part of this innovative and pioneering consortium with TGS and CGG providing the industry with a world class ‘drill ready’ dataset. BGP Offshore will deploy its state-of-the-art 3D vessel BGP Prospector on phase 1 of this project.”
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
FAQ
What is the purpose of the CGG multi-client agreement with Staatsolie?
When will CGG start acquiring new seismic data?
What is the significance of the seismic data for Suriname?
When will the first products from the seismic data be available?
Who are the partners involved in the CGG agreement with Staatsolie?
