CGG Delivers Final Pre-STM Data for Hobo Multi-Client Survey in Midland Basin

Houston, USA – February 9, 2017

CGG announced today that the final processed time volumes (Orthorhombic Kirchhoff PreSTM) from its recent Hobo 3D multi-client survey in the highly prospective Midland Basin are now available for license.

Hobo MCNV MapMap showing locations of CGG's Avalon, Tunstill, Hobo, Dixieland and Gypsy multi-client surveys in the Permian Basin.  Image courtesy of CGG.  Download the full size image.

This Howard County, Texas project delivers 342 square miles of wide-azimuth seismic data with ultra-low-frequency content down to 3Hz for optimal reservoir characterization. The seismic data is available now and will be complemented by a full reservoir optimization package that will be available in July 2017 and includes petrophysics, quantitative interpretation, RoqScan™ quantitative mineralogy, and also geochemistry and geomechanics. This package will deliver a comprehensive reservoir study of elastic rock properties, fracture information and lithological volumes that will assist with effective borehole location and completion planning.

Luc Schlumberger, EVP, Multi-Client & New Ventures, CGG, said: “Hobo builds on our high-quality 3D multi-client coverage of the Permian Basin, which already includes the Avalon, Tunstill and Dixieland surveys, and is being extended further with our ongoing new 293-square-mile Gypsy survey next to Hobo. By tying the seismic data to the geology with a full reservoir optimization package we can better support the industry in developing an understanding of where to drill to get the best from the Spraberry and Wolfcamp formations.”

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 businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation.

CGG employs around 6,000 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.

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