CGG signs deal for multi-client survey offshore Mozambique
- Business & Finance
French geophysical services company CGG has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP).
CGG was chosen following a competitive tender process held by INP in 2016.
As a result of this agreement, CGG will shortly begin acquisition of a new multi-client survey of up to 40,000 square kilometers of 3D data over the Beira High in the Zambezi Delta, covering blocks Z5-C, Z5-D, and surrounding open acreage.
Although it is not included in the current deal, the tender win also means that CGG will do a 2D survey over 6,550 kilometers in the offshore Rovuma basin, including blocks R5-A, R5-B, and R5-C.
CGG said on Thursday that the deliverables would include fast-track PreSTM, Final PreSTM, and PreSDM. According to the company, the seismic data will be imaged with the latest 3D broadband de-ghosting and advanced demultiple, velocity modeling and imaging techniques, including full-waveform inversion.
“This survey will form part of a comprehensive, fully integrated JumpStart geoscience program that will deliver a better overall understanding of the prospectivity of the region. Marine gravity and magnetic data will be acquired simultaneously with the seismic to accelerate regional interpretation,” said CGG.
Jean-Georges Malcor, CEO of CGG, added: “This agreement marks the beginning of a fruitful partnership with the INP to promote the potential of the Zambezi basin and other regions of Mozambique. Our advanced 3D seismic and integrated geoscience program will enable oil companies to confidently de-risk this exciting new exploration area and accelerate development of the country’s resources.”