CGG announces Large Pemex Survey in Gulf of Mexico

PARIS, Nov. 7, 2013 (GLOBE NEWSWIRE) --

CGG announced today that it has been selected to acquire a large high-end seismic acquisition survey in the Mexican waters of the Gulf of Mexico on behalf of Pemex. The survey is phase 5 in Pemex's Centauro program, the largest ever proprietary 3D wide-azimuth program to be conducted worldwide. Phase 5 will add another 6,850 km(2 )of data to the existing 25,000 km(2) already acquired since Centauro began in Oct 2010, bringing the total volume to almost 32,000 km(2). The survey will be acquired by the Oceanic Vega and Oceanic Sirius, CGG's two state-of-the-art 20-streamer vessels. The project is expected to commence in mid-November and be completed in March 2014. Antonio Escalera, VP, Exploration, Pemex, said: "Since Pemex took the innovative step of adopting wide-azimuth acquisition in 2010, this technology has consistently demonstrated its reliability at delivering superior illumination and imaging to help explore Mexico's deep water hydrocarbon resources." Jean-Georges Malcor, CEO, CGG said: "This fifth phase of the Centauro program testifies to the successful long-term exploration partnership CGG has developed with Pemex in the Gulf of Mexico. We will continue to work closely with Pemex to ensure this new wide-azimuth survey meets their E&P objectives." 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 over 9,800 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers. CGG is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG). Communications Contact Christophe Barnini Tel: +33 1 64 47 38 11 E-Mail: invrelparis@cgg.com CGG - Large Pemex survey in Gulf of Mexico: http://hugin.info/142000/R/1741040/584796.pdf [HUG#1741040] Source: CGG