Spectrum, CGG Launch 3D Seismic Survey Offshore Brazil

Seismic imaging specialist Spectrum ASA announced Tuesday that it and geoscience firm CGG have jointly launched a large, high-end 3D multi-client survey program offshore Brazil that will focus on the Foz do Amazonas Basin.

Spectrum said the two companies are working as equal partners on the project, which has already received funding from "a number of major industry players".

Covering 4,350 square miles, the survey will be acquired by the Oceanic Endeavour survey vessel. It is expected to start in January 2014.

Commenting on the survey in a company statement, CGG CEO Jean-Georges Malcor said:

"There is an unsurprising high level of industry interest in the Brazilian equatorial margin given the recent Zaedyus discovery to the northwest of Foz do Amazonas as well as analogous discoveries in the West African equatorial margin. Our joint program with Spectrum will capitalize on CGG's high-end BroadSeis technology and Spectrum's recent 2D program experience in the Foz do Amazonas Basin to bring unique insight to this high-potential area."

Spectrum CEO Rune Eng added:

"The Northern Margins of Brazil have been a core area for our investment campaigns over recent years. This opportunity for us to join forces with CGG in our project development and employ CGG's top-notch technology in our next phase in this area is a milestone for Spectrum."

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