CGG: GeoConsulting Awarded Multi-Year Integrated Geoscience Study by Kuwait Gulf Oil Company

CGG GeoConsulting Awarded Multi-Year Integrated Geoscience Study by Kuwait Gulf Oil Company

Paris, France - March 30, 2017

CGG announced today that it has been awarded a multi-year integrated geoscience study by Kuwait Gulf Oil Company (KGOC) to identify resource growth potential in the onshore Partitioned Zone (PZ).

The geoscience study will be conducted by CGG GeoConsulting and, importantly, involve KGOC geoscience experts embedded in the project team.

The combined team will work together to integrate recently acquired and processed 3D seismic data covering the entire PZ together with multiple geological, petrophysical and production data sets in order to deliver a robust portfolio of exploration prospects and asset development infill opportunities. In addition, the final geologic and seismic interpretations and data will form a consistent and continuous PZ-wide reference study for KGOC with detailed subsets for each producing field. 

Mohammad Al-Haimer, Director for Exploration Project Kuwait, KGOC, said: "We are pleased to work with CGG on this prestigious and highly important project for KGOC. We were impressed with their in-house integrated geoscience capabilities, their experience in performing similar studies for NOC's and IOC's around the world, and the depth of knowledge that we expect CGG will bring to this project. We look forward to working closely with CGG and together identifying the resource growth potential of the PZ onshore."

Sophie Zurquiyah, COO, CGG, said: "We are honored to have been selected by KGOC to undertake this high-profile integrated study. It will draw upon the recognized expertise, capabilities and know-how of our GeoConsulting team who have considerable experience in performing large exploration- and reservoir characterization-scale studies integrating many complex geoscience data sets. We look forward to this opportunity to showcase the full range of our geoscience services, from geological control through rock physics and seismic inversion to prospect identification and production attribute analysis. We are confident that our support will deliver insight and value to KGOC to help it achieve its business objectives."

About CGG

CGG (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 businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs around 5,800 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: 0013181864) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG). 

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