CGG: in support of SNH in its Promotion of Open Acreages in Rio del Rey and Douala/Kribi-Campo Basins for 2018 Cameroon Licen...
18 Janvier 2018 - 7:30AM
CGG in support of
SNH in its Promotion of Open Acreages in Rio del Rey and
Douala/Kribi-Campo Basins for 2018 Cameroon Licensing Round
Paris, France -
18 January 2018
CGG announced
today that it has an agreement with Société
Nationale des Hydrocarbures (SNH), the National Oil and Gas
Company of Cameroon, to promote enhanced multi-client E&P data
packages and interpretative products, in support
of Cameroon's 2018 Onshore & Offshore Licensing Round
opened and conducted by SNH for eight free blocks on offer, located
in sedimentary basins offshore and onshore Cameroon.
The Licensing Round opened on
15th January 2018
and will close on 29th June 2018.
Roadshows will be held in
London on 28th February to
2nd March
2018 and in Houston on
7th to
9th March
2018, with the participation of specialists from both SNH and
CGG.
Cameroon is a proven hydrocarbon
province with oil and gas production from both the Rio Del Rey
(RDR) and Douala/Kribi-Campo (DKC) basins. Significant further
opportunities exist for commercial hydrocarbon accumulations in
both basins with large tracts of open acreage available,
particularly in the DKC basin. Recent new petrophysical and
geophysical analyses have identified potential missed opportunities
from previous exploration, and there is even more potential for
large volumes of hydrocarbons to be present across these
increasingly prospective basins.
The TerraCubeTM suite
of integrated data packages of the onshore/offshore DKC and RDR
sedimentary basins will offer oil and gas explorers access to
workstation-ready 2D and 3D seismic, well data and interpretative
products, with unrivalled coverage, enabling them to make a rapid
technical evaluation of the hydrocarbon potential of the blocks on
offer.
Jean-Georges Malcor, CEO, CGG,
said: "The 2018 Licensing Round offers exciting
opportunities for the international oil and gas industry to add
strategic acreage positions with significant potential in proven
hydrocarbon-bearing basins in Cameroon. With the integrated well
and seismic packages, CGG is making available, in partnership with
SNH, interested oil and gas companies will be able to focus on
identifying the petroleum prospectivity for the available
blocks."
About CGG
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
business divisions of Equipment, Acquisition and Geology,
Geophysics & Reservoir (GGR), CGG brings value across all
aspects of natural resource exploration and exploitation. CGG
employs over 5,300 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) and the New York Stock
Exchange (in the form of American Depositary Shares. NYSE:
CGG).
Contacts
Group
Communication
Christophe Barnini
Tel: + 33 1 64 47 38 11
E-Mail: : invrelparis@cgg.com
|
Investor Relations
Catherine Leveau
Tel: +33 1 64 47 34 89
E-mail: : invrelparis@cgg.com
|
Press release pdf version
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announcement is distributed by Nasdaq Corporate Solutions on behalf
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: CGG via Globenewswire
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