Oil Patch Bits: CGG nets quartet of BroadSeis-BroadSource contracts

CGG announced that it has been awarded contracts for the 3-D seismic acquisition of four major surveys using its BroadSeisTM with BroadSourceTM, marine broadband technology. The four surveys represent a total contract value of more than US$80 million.

Three of the surveys have been awarded in the Asia-Pacific region, with two offshore Malaysia and one offshore Northwest Australia, while the fourth is to be acquired offshore West Africa.

Jean-Georges Malcor, CEO, CGG, said: “Only CGG’s BroadSeis-BroadSource technology delivers full-bandwidth broadband data. These recent awards clearly underline how critical true broadband data is becoming for reducing risk in frontier exploration and optimizing field development.”

CGG 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 and reservoir, CGG brings value across all aspects of natural resource exploration and exploitation.