CGG to Commence Survey Offshore Mexico

CGG announced Monday that it will commence a multi-client airborne gravity and magnetic survey offshore Mexico.

The Comision Nacional de Hidrocarburos (CNH) has authorized the program, which will include the acquisition of approximately 124,000 miles of data over six areas across the Gulf of Mexico. Data acquisition will commence in March 2016 and is anticipated to take twelve months to complete through the use of specialized geophysical survey aircraft.

A comprehensive interpretation, combining the new data set with available geologic and geophysical data, will also be undertaken by CGG's in-house interpretation team. Deliverables will include a full geophysical interpretation report, including definition of basement lithology and structure, mapping of sediment fairways and depositional-centers and any intrusives or salt which may be present in the sedimentary section.

CGG CEO Jean-Georges Malcor said in a company statement:

"This airborne gravity and magnetic survey offshore Mexico will be a significant addition to our existing gravity and magnetic database in the Gulf of Mexico where we have over 1,000,000 line kilometers (621,371 miles) of multi-client data. Combined with our other seismic, geologic and satellite multi-client data in Mexico, this new airborne survey will provide a unique geoscience-rich library to support the successful exploration and economic development of this high-potential area for many years to come."

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