CGG wins four seismic survey contracts worth $80M

CGG has announced that it has been awarded contracts for the 3D seismic acquisition of four major surveys using its BroadSeisTM with BroadSourceTM, marine broadband technology.

The four surveys represent a total contract value of over 80 million USD.

Three of the surveys have been awarded in the Asia-Pacific region, with two offshore Malaysia and one offshore NW Australia, while the fourth is to be acquired offshore West Africa.

Jean-Georges Malcor, CEO, CGG, said: “Only CGG’s BroadSeis-BroadSource technology delivers full-bandwidth broadband data. These recent awards clearly underline how critical true broadband data is becoming for reducing risk in frontier exploration and optimizing field development.”