CGG to Acquire 8,000 km of Multi-Client Data Offshore Malaysia

Rhea-AI Summary

CGG - PETRONAS announces the start of the Selat Melaka 2D multi-client seismic program over the Langkasuka Basin offshore Malaysia. The project, located in the Malacca Strait, has received industry funding and will provide early products in December 2023 and final results in August 2024. CGG's latest proprietary full-waveform inversion (FWI) and Q-tomography imaging technologies will offer a better regional understanding of the underexplored basin, focusing on the prospective pre-tertiary target.

Paris, France – November 15, 2023

CGG, in association with PETRONAS, has announced the start of the Selat Melaka 2D multi-client seismic program over the Langkasuka Basin offshore Malaysia. Located in the Malacca Strait, the project has received industry funding and will deliver early products in December 2023 and final results in August 2024.

Experts at CGG’s Kuala Lumpur subsurface imaging center will apply its latest proprietary full-waveform inversion (FWI) and Q-tomography imaging technologies to provide the industry with a better regional understanding of the petroleum systems in this underexplored basin, with a focus on the prospective pre-tertiary target.

Mohamed Firouz Asnan, Senior Vice President, Malaysia Petroleum Management (MPM), PETRONAS, said: “PETRONAS continues to invest in data enrichment for Malaysian basins, like the emerging Langkasuka Basin. Initiatives such as this multi-client seismic survey is expected to attract exploration interests to support the country’s production growth strategy.”

Dechun Lin, EVP, Earth Data, CGG, said: “We are pleased to announce our new multi-client project offshore Malaysia, which will further assist frontier exploration in the West Peninsular area. With over 45 years of experience processing seismic data from all the major basins in Malaysia, we are confident that we can deliver the highest-quality data in an area lacking data coverage and help reduce uncertainties ahead of Malaysia’s 2024 Bid Round.”

About CGG

CGG (www.cgg.com) is a global technology and HPC leader that provides data, products, services and solutions in Earth science, data science, sensing and monitoring. Our unique portfolio supports our clients in efficiently and responsibly solving complex digital, energy transition, natural resource, environmental, and infrastructure challenges for a more sustainable future. CGG employs around 3,400 people worldwide and is listed on the Euronext Paris SA (ISIN: 0013181864).

Contacts

Group Communications & Investor Relations Christophe Barnini Tel: + 33 1 64 47 38 11 E-Mail: christophe.barnini@cgg.com

 

Attachment

• CGG to Acquire 8,000 km of Multi-Client Data Offshore Malaysia

FAQ

What is the Selat Melaka 2D multi-client seismic program about?

The program is a joint initiative by CGG and PETRONAS to conduct a seismic survey over the Langkasuka Basin offshore Malaysia, aiming to provide better regional understanding of the underexplored basin.

When will the final results of the program be available?

The final results are expected to be available in August 2024.

What technologies will be used for the program?

CGG will apply its latest proprietary full-waveform inversion (FWI) and Q-tomography imaging technologies to process the seismic data.

Why is this program important for Malaysia's production growth strategy?

The multi-client seismic survey is expected to attract exploration interests to support Malaysia's production growth strategy by providing high-quality data in an area lacking data coverage.

Who is involved in the project?

CGG, in association with PETRONAS, is leading the Selat Melaka 2D multi-client seismic program.