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CGG: Completes Phase 1 Processing for Davros Multi-Client Survey in Northern Carnarvon Basin

/EIN News/ -- PARIS, Sept. 22, 2016 (GLOBE NEWSWIRE) -- CGG announced today that the final pre-stack depth-migrated data for Phase 1 of its Davros 3D BroadSeis(TM) and BroadSource(TM) multi-client survey in the Northern Carnarvon Basin on the North West Shelf of Western Australia is available now. With over 6,400 km2 already acquired, Davros is the largest multi-client seismic program ever to be acquired and processed by CGG in the Asia-Pacific region.

The survey has been processed by CGG's Perth and Melbourne centers, using the company's latest high-end subsurface imaging technology including pre-stack depth migration (PSDM) and advanced demultiple algorithms to provide the highest-resolution images. Processing of Phase 2 of the survey is expected to be completed by the fourth quarter of 2016.

Sophie Zurquiyah, Chief Operating Officer, Geology, Geophysics & Reservoir, CGG, said: "As we anticipated, the new broadband data from our Davros survey is delivering deeper and clearer images than previously seen in this area. As a result of the exceptional penetration power of the BroadSeis low frequencies, at least 20 km of sediment is visible. When combined with our advanced imaging technologies, this new data shows exceptional clarity of the deep geological structure and dramatically enhances understanding of this prospective area."

About CGG

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 businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs more than 6,500 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: 0013181864 ) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).


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