CGG Wins Multi-Year Extension of Dedicated Imaging Center for Brunei Shell Petroleum

Rhea-AI Summary

CGG has secured a multi-year contract extension with Brunei Shell Petroleum Company (BSP) to operate a dedicated seismic imaging center in Seria, Brunei. This renewal, reflecting six years of technical excellence, emphasizes BSP's trust in CGG's imaging team and advanced technology. The in-house team will continue utilizing proprietary technologies to address regional challenges, including gas clouds and complex fault structures. CGG's workforce stands at around 3,300 employees, and it is publicly traded on the Euronext Paris.

Positive

• Multi-year contract extension with BSP enhances business stability.
• Continued trust from BSP reflects CGG's track record of technical excellence.
• Utilization of proprietary technologies supports future operational success.

Negative

• None.

Paris, France – November 24, 2022

CGG has been awarded a multi-year contract extension by Brunei Shell Petroleum Company Sdn Bhd (BSP) to continue operating a dedicated seismic imaging center at its head office in Seria, Brunei.

Peter Whiting, EVP, Geoscience, CGG, said: “This renewal of our dedicated center contract builds on six years of technical excellence and demonstrates the trust BSP has in our imaging team and high-end technology. We look forward to strengthening our close collaboration with BSP to support its future business success.”

In the past six years, CGG has successfully delivered land, marine, transition zone, OBC and high-density OBN seismic imaging results at the BSP center. The in-house team will continue to apply their latest proprietary technologies, such as Time-lag FWI, Q-FWI, least-squares migration and shallow imaging, to address the specific regional challenges posed by the presence of widely distributed shallow gas clouds, channels, gas-charged silts, and complex fault structures around the discovered fields.

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 Wins Multi-Year Extension of Dedicated Imaging Center for Brunei

FAQ

What is the significance of CGG's contract extension with BSP?

The contract extension demonstrates CGG's longstanding partnership with BSP, ensuring continued collaboration and stability in operations.

How long is CGG's contract with Brunei Shell Petroleum?

CGG has secured a multi-year contract extension with Brunei Shell Petroleum.

What technologies will CGG apply in the seismic imaging center for BSP?

CGG will apply advanced proprietary technologies like Time-lag FWI and Q-FWI to address regional geological challenges.

What is CGG's workforce size?

CGG employs approximately 3,300 people globally.