CGG Demonstrates Its Capabilities at EAGE 2013 in UK

CGG is taking the opportunity of London’s EAGE Convention to demonstrate how its new geological, geophysical and reservoir capabilities will bring value to many aspects of natural resource exploration, development and production.

At a time when most future oil and gas production is likely to come from increasingly challenging prospects and improved recovery from existing reserves, there is growing emphasis on the value of an integrated geoscience approach to achieve the best possible understanding of the subsurface at all scales to increase exploration success, reduce risk, and maximize recovery.

One of the most significant changes for CGG since the closing of the Fugro Geoscience acquisition is the expansion of its products and services that will enhance natural resource finding, characterization and recovery across the full exploration and production value chain.

The Company has long been a dominant leader in the seismic products and services arena, a very important element of the cycle, but less present in the arenas of field development and production management. With the addition of powerhouse brands Robertson and Jason and an increased portfolio covering methods such as geology, gravity, magnetics, near-surface geophysics, together with the upcoming addition of airborne, CGG has gained new expertise in services that can help operators build a stronger, more comprehensive Earth model.

When combined with the company’s already leading reputation in equipment through subsidiary Sercel (exhibiting on booth #520), who also recently expanded its portfolio with downhole technology and permanent reservoir monitoring systems such as Optowave, and recent partnership initiatives such as its shale alliance with Baker Hughes and the joint venture, Seabed Geosolutions (exhibiting on booth #820), that CGG has just formed with Fugro, a clear trend has emerged for CGG. It has gradually been expanding its scope, by strategically leveraging its leadership position in seismic acquisition and imaging, to add value to its offer at each step in the exploration to production cycle.

“Our ability to combine high-end geophysical, geological and reservoir expertise to solve a client’s unique problem will be a key differentiator and will enable a more integrated approach to managing the E&P lifecycle. Leveraging our proficiency in geophysics in a manner that delivers improved subsurface clarity with faster results that can be quantitatively integrated within reservoir models will ultimately help our clients improve recovery in a more cost-effective manner,” said Sophie Zurquiyah, EVP of CGG’s Geology, Geophysics & Reservoir (GGR) division.

While the company will continue to focus on its core areas of expertise in 1) equipment, 2) acquisition and 3) subsurface imaging and reservoir characterization, it will seek opportunities to combine the knowledge of those three areas with its new capabilities in geology in ways that will enhance its clients’ ability to yield greater returns on investment in shorter amounts of time.

Sophie Zurquiyah went on to say: “We have a unique opportunity to develop science that could greatly improve our industry’s understanding of how best to exploit vital natural resources. With detailed reservoir models that incorporate geological, geophysical and petrophysical information, we could dramatically improve development decision-making, and we are seeing these synergies form today.

For example, we have ongoing studies in North American unconventional plays where we see great benefit in the integration of multi-disciplinary data into predictive reservoir models. Petrophysical information is calibrated to surface seismic using a variety of seismic reservoir characterization techniques. These results are then validated with mineralogical analysis of cuttings and cores, and microseismic datasets giving insight into reservoir quality, rock strength and stress. Production measurements can be correlated to seismic predictive volumes for high grading locations, and providing a guide for drilling and completion decisions. This is a powerful indicator of what the future potential could be and is exactly the kind of expertise we hope to develop further in collaboration with our clients.”

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Press Release, June 11, 2013; Image: CGG