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CGG Continues to Expand Anadarko Basin Library with New SCOOP/STACK Survey
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Paris, France - January 15, 2019
CGG has commenced acquisition of a new high-density 3D survey in the Anadarko Basin. With the tightest acquisition parameters of any survey in CGG's Oklahoma data library, the 306-square-mile Chickasha Extension builds on and enhances CGG's extensive existing coverage totaling more than 1,200 square miles over the SCOOP/STACK play. High-end imaging will provide a better understanding of the complex geology in this area, including enhanced definition of the Meramec, Osage, and Woodford plays.
The Chickasha Extension is located in Canadian, Grady, and Caddo counties, Oklahoma and will bridge the gap between CGG's Yukon, Chickasha Merge and Watonga Merge 3D surveys with high-quality broadband data. In areas where there is an overlap with existing surveys, its higher trace density and fold coverage will deliver a superior product over previously acquired data.
A fast-track PostSTM data set will be available in May 2019. Final deliverables will include an orthorhombic offset vector tile (OVT) PreSTM in July 2019, a tilted transverse isotropic (TTI) PreSDM in September 2019, and a Reservoir Optimization Package (ROP) will follow. The ROP will include a deterministic inversion as well as a petrophysical and geochemical evaluation. This full package will give the industry a better geologic understanding of the reservoir, to help operators optimize development and maximize recovery.
Sophie Zurquiyah, CEO, CGG, said: "Our Chickasha Extension has a prime position in the most active E&P area of the Anadarko Basin. It not only builds on our already extensive coverage in this region, it heralds the next step in acquisition survey design to deliver optimal structural imaging of the subsurface. Clients will have access to better coverage over the whole area and benefit from the insight of a higher-resolution image than had previously been thought possible."
About CGG
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CGG (www.cgg.com) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs around 5,200 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).
Contacts
| Group Communications & Investor Relations Christophe Barnini Tel: + 33 1 64 47 38 11 E-Mail: : invrelparis@cgg.com | Investor Relations Matthieu Lugez Tel: +33 1 64 47 35 46 E-mail: : invrelparis@cgg.com |
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.