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Stock impact report

CGG: Conducts Innovative Rich-Azimuth Multi-Client Survey NW of Shetland

CGG (CGG) 
US:NYSE Investor Relations: cgg.com/investors
Company Research Source: GlobeNewswire
CGG Conducts Innovative Rich-Azimuth Multi-Client Survey NW of Shetland                                                Paris, France - September 17, 2018 CGG has commenced acquisition of a high-density, rich-azimuth, towed-streamer multi-client survey in the UK West Shetland Basin. The 3,600 sq km survey has received strong industry support and been designed in collaboration with major international oil companies. It focuses on delivering high-resolution seismic data in a prospective but underexplored area north-west of the Shetland Isles over the northern part of the Rona Ridge. A fast-track PreSDM data set will be available in Q1 2019. The innovative acquisition geometry is designed to image multiple targets from shallow Tertiary and Cretaceous plays to complex fractured Devono-Carboniferous reservoirs by undershooting the volcanic intrusions and shallow unconformities present in the area. Two vessels, the Oceanic Vega and the Geo Caribbean, are being deployed. Each v Show less Read more
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