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CGG : CGG Completes Hail-Shuweihat Survey for ADNOC

CGG Completes Hail-Shuweihat Survey for ADNOC

PARIS, Sept. 2, 2015 (GLOBE NEWSWIRE) --

CGG announced today that, with the support of its Seabed Geosolutions joint venture with Fugro, it has successfully completed the acquisition of a 3D seismic survey over the Hail and Shuweihat oil and gas fields in the Emirate of Abu Dhabi, one of the world's most environmentally sensitive areas. The survey is part of an integrated project, including data processing and reservoir characterization, awarded to CGG by the Abu Dhabi National Oil Company (ADNOC).

Seismic operations were implemented to the highest QHSE standards to acquire the two-part survey, covering a total area of 1200 sq km and lasting over 18 months. The first part involved acquisition of over 600 sq km of data for the Hail project located offshore and in the shallow waters of the Merawah natural reserve which has a very rich biodiversity and is a marine UNESCO World Heritage site. It was immediately followed by the acquisition of over 500 sq km of data over an offshore and onshore area of the Shuweihat field, which, due to its location on the site of various government projects and interests of the Emirate of Abu Dhabi, called for careful planning and coordination.

Processing of the high-quality data collected during the survey is being conducted in conjunction with reservoir characterization in CGG's Abu Dhabi center. A good understanding of the geological targets and integration of well information at the outset of processing was key to providing reliable images over a large geological sequence for the extraction of key faults and mapping of stratigraphic traps.

ADNOC's satisfaction with the acquisition component of the Hail-Shuweihat survey also played a part in its recent award to CGG of a contract for a 1500 sq km shallow water seabed survey over the Ghasha-Butini field to be acquired with the support of Seabed Geosolutions.

Jean-Georges Malcor, CEO, CGG, said: "CGG is proud to be a key player in the high level of seismic activity currently ongoing in Abu Dhabi, as part of ADNOC's plans to implement their extensive mid- and long-term field development projects. The choice of CGG for this integrated project indicates the strength of our shallow water and seabed solutions and our ability to successfully deliver complex programs, combining acquisition and subsurface expertise. We are particularly pleased that ADNOC wishes to benefit from our acquisition experience in environmentally sensitive areas to support its commitment to protecting the Emirate's natural environment."

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 8,500 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).

Contacts

Group Communications
Christophe Barnini
Tel: + 33 1 64 47 38 11
E-Mail: : invrelparis@cgg.com

Investor Relations
Catherine Leveau
Tel: +33 1 64 47 34 89
E-mail: : invrelparis@cgg.com

Press Release - pdf version http://hugin.info/142000/R/1949040/708166.pdf

HUG#1949040

Source: CGG