CGG Bags Contracts from InterOil for Geophyiscal Survey Projects in PNG

CGG announced Wednesday that it has been awarded both a land seismic and an airborne gravity survey by InterOil Corporation to assess the hydrocarbon potential of their acreage in Papua New Guinea.

CGG's airborne group is to conduct a large FALCON Airborne Gravity Gradiometer (AGG) survey to acquire 6,835 line miles (11,000 line kilometers) of high-resolution data with fixed-wing aircraft and 15,969 line miles (25,700 line kilometers) using rotary-wing aircraft, better suited to acquiring high-resolution measurements in the rugged terrain.

The 2D conventional land seismic award comprises a 289 mile (465 kilometer) survey in InterOil's southern PPL474 and 476 permits (the Murua survey) and may include additional coverage totalling in excess of 124 miles (200 kilometers) to the north over their Triceratops and Raptor discoveries. To ensure robust operations in challenging operating conditions CGG will deploy 2,100 Sercel UNITE cable-free channels and autonomous seismic source technology during the two-part survey which is due to start in January and end in August. CGG's Bangkok imaging center will process the land seismic data as part of the integrated service CGG is offering InterOil.

Jean-Georges Malcor, CEO, CGG, said: "CGG was a natural choice for these surveys given the long-term partnership we have developed with InterOil in the Asia-Pacific region over the last seven years. The awards also recognize both our ability to supply a fully integrated exploration solution and our capability to tightly integrate the interpretation using both the airborne geophysics and the land seismic data into a "Basin in a Box" multi-physics solution which will be highly beneficial to InterOil. They are an excellent example of how CGG's unique range of fully integrated products and services can successfully come into play and bring significant added value to our clients' exploration challenges."

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