CGG, Spectrum announce large survey offshore Brazil

12/17/2013

CGG, Spectrum announce large survey offshore Brazil

PARIS -- CGG and Spectrum announced today that they are jointly launching a large, high-end BroadSeis 3D multi-client survey program offshore Brazil that will focus on a large proportion of open acreage in the very promising Foz do Amazonas basin. The two companies are working as equal partners on this project which has received high prefunding from a number of major industry players.

Covering 11,330 sq km, the Foz do Amazonas survey will be acquired by the Oceanic Endeavour deploying Sercel's next-generation Sentinel RD solid streamer and is expected to start in January 2014. The high-end BroadSeis data set will be processed in CGG's Rio de Janeiro subsurface imaging center.

Jean-Georges Malcor, CEO, CGG, said, "We are launching this joint program with Spectrum as a response to the recent high level of industry interest in the Brazilian equatorial margin. We believe it will capitalize on CGG's high-end BroadSeis technology and Spectrum's recent 2D program experience in the Foz do Amazonas Basin to bring unique insight to this high-potential area."

"The Northern Margins of Brazil have been a core area for our investment campaigns over recent years," stated Rune Eng, CEO of Spectrum. "This opportunity for us to join forces with CGG in our project development and employ CGG's top-notch technology in our next phase in this area is a milestone for Spectrum."

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