CGG Commences 7700 km2 Foz do Amazonas 3D Seismic Reimaging Project of Existing Public Data  

Rhea-AI Summary

CGG has launched a new 3D seismic reimaging project in the Foz do Amazonas basin, supporting Brazil's Permanent Offer initiative. Funded by industry partners, the project aims to merge over 7700 km² of existing seismic data, with fast-track products expected by June 2023 and full completion by the end of 2023. The region is strategically important due to its geological features and proximity to successful areas in West Africa. CGG's advanced imaging technology aims to enhance their extensive data library and unlock the untapped potential of the Equatorial Margin.

Positive

• Launch of a new 3D seismic reimaging project in Brazil's Foz do Amazonas basin.
• Project merges over 7700 km² of existing seismic data.
• Expected fast-track products by June 2023, full completion by end of 2023.
• Utilization of advanced imaging technology to enhance data quality.
• Strategically positioned to leverage geological proximity to successful regions.

Negative

• None.

Paris, France – January 9, 2022

CGG has announced the start of a new Foz do Amazonas 3D seismic reimaging project, aimed at supporting Brazil’s Permanent Offer initiative in the Equatorial Margin. The project, supported by industry funding, is expected to complete by the end of 2023, with fast-track products available by June.

The reimaging project will merge over 7700 km² of existing public 3D seismic data in the Foz do Amazonas basin. The area has a rich network of turbiditic fans and channels made attractive by its geologic proximity to Guyana and Suriname and the recent success stories along the South Atlantic conjugate margins of West Africa.

Dechun Lin, EVP, Earth Data, said: “The Foz do Amazonas 3D reimaging project will benefit from our in-depth knowledge of the Equatorial Margin and further expand our 3D data library offshore Brazil, which is already the most comprehensive in the industry. By applying our unmatched imaging technology, such as our exclusive time-lag FWI, our experts in our Rio Subsurface Imaging center will deliver ultramodern high-resolution images for a better understanding of the untapped potential of the vastly underexplored Equatorial Margin.”

About CGG

CGG (www.cgg.com) is a global technology and HPC leader that provides data, products, services and solutions in Earth science, data science, sensing and monitoring. Our unique portfolio supports our clients in efficiently and responsibly solving complex digital, energy transition, natural resource, environmental, and infrastructure challenges for a more sustainable future. CGG employs around 3,300 people worldwide and 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 Commences7700km2 Foz do Amazonas 3D Seismic Reimaging Project

FAQ

What is the Foz do Amazonas 3D seismic reimaging project by CGG?

CGG's Foz do Amazonas 3D seismic reimaging project aims to merge over 7700 km² of existing seismic data to support Brazil's Permanent Offer initiative.

When will the CGG seismic project be completed?

The CGG seismic project is expected to be fully completed by the end of 2023, with fast-track products available by June 2023.

How does the Foz do Amazonas project benefit CGG?

The project enhances CGG's extensive data library and improves their imaging technology, aimed at unlocking the untapped potential of the Equatorial Margin.

What area is covered by CGG's new seismic project?

CGG's new seismic project covers the Foz do Amazonas basin, which includes a rich network of turbiditic fans and channels.

What is the significance of the Foz do Amazonas basin for CGG?

The Foz do Amazonas basin is significant for CGG due to its geological proximity to successful regions in Guyana and Suriname, as well as its underexplored potential.