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Pemex awards CGG-Fugro joint venture USD 200m GoM seismic contract

11th August 2014

CGG has announced that Pemex has awarded CGG a contract worth close to USD 200m for ocean bottom cable (OBC) 3D-4C seismic work in one of the oil company’s most important producing areas, the Ku Maloob Zaap oilfield and the light crude oil fields of the Bay of Campeche in the Gulf of Mexico

Pemex awards CGG-Fugro joint venture USD 200m GoM seismic contract
Operations started in late July and are expected to be finalised in the third quarter of 2015

The acquisition will be conducted by Seabed Geosolutions - the joint venture that CGG and Fugro incorporated in early 2013 to handle all seabed-related seismic acquisitions.

CGG will be processing all in-field data for Pemex.

Operations started in late July and are expected to be finalised in the third quarter of 2015.

“We are delighted that Pemex is continuing its long-term relationship with CGG through this award of a major OBC seismic survey in such a prolific region of the Gulf of Mexico,” said Stephan Midenet, executive vice president, land, CGG, and board member of Seabed Geosolutions. “We are confident that the pioneering seabed acquisition technology of our Seabed Geosolutions joint venture with Fugro will successfully combine with CGG’s subsurface imaging expertise to bring Pemex the critical insight they need to make confident, informed decisions on field development and production in the Bay of Campeche.”

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