France’s seismic survey specialist CGG announced today another significant commitment from an unnamed exploration and production company to its StagSeisTM multi-client solution in the Gulf of Mexico.
The company, currently in takeover talks with Technip, describes StagSeisTM as a “next-generation” solution for subsalt imaging designed to reduce exploration and production risk by providing the best seismic images.
Following completion of acquisition in October, CGG says that StagSeis presales of all three surveys, IBALT, DEUX and TROIS, have continued to strengthen, both with new companies joining, and with repeat customers increasing their commitments.
Jean-Georges Malcor, CEO, CGG, said: “With eight companies now prefunding StagSeis, including one who recently committed to the entire 871-offshore-block acreage, representing over 20,000 sq. km, we are very pleased with this new client commitment and the overall very strong client interest we are seeing in the program. This high level of underwriting confirms the industry’s recognition that StagSeis produces better subsalt images of the most challenging areas of the Gulf of Mexico and validates its superior value.”
Imaged by CGG, and covering the complex subsalt plays in select locations of Garden Banks, Keathley Canyon, Walker Ridge and Green Canyon, CGG says that the StagSeis solution is an optimal tool to help oil and gas companies’ best manage their E&P programs and make informed decisions on the large number of lease blocks to be auctioned in the deep water Gulf of Mexico through 2020.
The company explains that StagSeisTM data is acquired using multiple vessels with an innovative staggered configuration, optimized to maximize the azimuth variation and maintain the offset distribution. It has been 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 like the Gulf of Mexico.