CGG : Expanded CGG fleet achieves new industry records
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130404:nHUGd0Y1 Paris, France - April 4th 2013 CGG announced today that its new fleet, with the addition of four high-end vessels from its recent acquisition of Fugro Geoscience, set two new industry records that highlight the strength of its marine capabilities. The longest offsets in the industry for a full-azimuth (FAZ) multi-vessel survey Firstly, through its proprietary ground-breaking StagSeisTM survey configuration, CGG can claim the record for deploying the longest offsets in the industry for a full-azimuth (FAZ) multi-vessel survey. For the recent multi-client 'IBALT' survey in the Gulf of Mexico, offsets were a record-breaking 18km. StagSeisTM data are acquired using multiple vessels with an innovative staggered configuration, developed to provide the ultra-long offsets, full-azimuth and broad bandwidth (especially low frequencies) required to face the challenges of imaging in complex areas such as the Gulf of Mexico. As the data are acquired in a regular grid, processing is compatible with conventional wide-azimuth techniques, allowing faster turnaround than alternative non-linear methods. The largest single-vessel acquisition footprint in the world Secondly, the Geo Caribbean operating in the Gulf of Mexico can claim the title of the largest man-made moving object on the face of the earth, with its record-breaking 13.44 km2 towing configuration. The challenge was to design a configuration that would enable the client to meet its survey objectives in a cost-effective and efficient manner, while also achieving the survey's geological objectives. CGG proposed a wide tow of eight streamers with a 160-m separation, 60% wider than a typical survey with a 100-m separation, enabling a greater area of data to be acquired in a single pass and hence greater production efficiency. By deploying a streamer length of 12000m, CGG delivered the long offsets required to achieve the survey's geological objectives. The end-result is an efficient survey design and the largest single-vessel acquisition footprint in the world. Jean-Georges Malcor, CEO, CGG, said: "These impressive achievements by our marine fleet are further examples of our continuing commitment to innovation and our pioneering role within our industry. With the addition of Fugro's C-class vessels to our recently upgraded fleet, we now have the largest seismic fleet of modern high-end vessels bringing the benefits of innovative illumination solutions to our clients." About CGG CGG (www.cgg.com http://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 9,800 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). Contact Investor Relations Christophe Barnini Tel: +33 1 64 47 38 11 E-Mail: firstname.lastname@example.org mailto:email@example.com Expanded CGG fleet achieves new industry records http://hugin.info/142000/R/1689897/554712.pdf ---------------------------------------------------------------------------------------------------- This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: CGG via Thomson Reuters ONE HUG#1689897