CGG signs agreement with Mozambique for vast 3D seismic offshore program

CGG has announced that it has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a competitive tender process held by INP in 2016. As a result of this agreement, CGG will shortly commence acquisition of a new multi-client survey of up to 40,000 km2 of 3D data over the Beira High in the Zambezi Delta, covering blocks Z5-C and Z5-D and surrounding open acreage.

Deliverables will include fast-track PreSTM, Final PreSTM and PreSDM. The seismic data will be imaged with the latest 3D broadband deghosting and advanced demultiple, velocity modeling and imaging techniques, including Full-Waveform Inversion.

This survey will form part of a comprehensive, fully integrated JumpStart™ geoscience program that will deliver a better overall understanding of the prospectivity of the region.

Marine gravity and magnetic data will be acquired simultaneously with the seismic to accelerate regional interpretation.

“This agreement marks the beginning of a fruitful partnership with the INP to promote the potential of the Zambezi basin and other regions of Mozambique. Our advanced 3D seismic and integrated geoscience program will enable oil companies to confidently de-risk this exciting new exploration area and accelerate development of the country’s resources,” Jean-Georges Malcor, CEO, CGG, said.

Blocks Z5-C and Z5-D in the Zambezi Delta were awarded to N-Exploration (100% Rosneft subsidiary), ExxonMobil Exploration and Production Mozambique Offshore during the fifth licence round organized by the Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petróleo) in 2015.

This is an extension of a 2D program by the company last year when CGG was awarded an extensive multi-client program by the Institute of National Petroleum of Mozambique  (INP)  that included a 2D survey of over 6,550 km in the offshore Rovuma basin, including blocks R5-A, R5-B and R5-C. The latest 3D survey was subject to pre-commitment.

CGG had also been awarded an onshore airborne gravity and magnetic survey in the Southern Mozambique Basin.