CGGVeritas Begins Acquisition on First 3D Multi-Client Program Using BroadSeis (UK)

Business & Finance

 

CGGVeritas has initiated acquisition on the first 3D multi-client program that uses BroadSeisTM, its superior broadband marine solution. Located in the Central North Sea, Quad 29 Phase 1 covers 2,100 km² and is being acquired by the CGGVeritas Oceanic Challenger operating with a 10 x 75 x 6000 m long-offset configuration.

A number of major oil companies have pre-committed to the project and data delivery is expected around the end of the year.

 

Earlier BroadSeis North Sea trials demonstrated a significant enrichment of the geological detail visible in the seismic data, greatly enhancing fault mapping, lithology discrimination and the interpretation of stratigraphic features such as pinch-outs and facies transitions.

BroadSeis enables imaging of the thinner and more complex reservoirs from the deep Carboniferous-Permian section through the Jurassic and up to the shallower Paleogene targets and will be a key solution for unlocking bypassed hydrocarbons in the North Sea.

Luc Schlumberger, Executive Vice President, Multi-Client & New Ventures, CGGVeritas, said: “Our Quad 29 Phase 1 multi-client program will build on and enhance our already well established Cornerstone data library in the North Sea. By acquiring this program with our new BroadSeis high-resolution marine broadband solution, the wider spectrum, improved penetration power and proprietary processing technology will enable our clients to interpret the various targets at different levels throughout this important hydrocarbon-bearing project area with more clarity and in more detail than before.”

About CGGVeritas

CGGVeritas is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.

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Source: cggveritas,May 24, 2011