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CGG Delivers First Results From IBALT StagSeis Survey In Gulf Of Mexico

Stocks in this article: CGG

PARIS, France, Sept. 23, 2013 (GLOBE NEWSWIRE) --

CGG  announced today that the Fast  Trax(TM) TTI RTM (Tilted Transverse Isotropy
Reverse  Time Migration)  processed data  from its  IBALT broadband full-azimuth
survey  covering over 50,000 km(2)  (221 blocks) in  the Keathley Canyon area of
the Gulf of Mexico has been delivered on schedule.

The  Fast Trax TTI RTM results from IBALT  are the first deliverable in a multi-
year,  multi-client program that  CGG is acquiring  in the Gulf  of Mexico using
StagSeis(TM),  its next-generation  subsalt imaging  solution. StagSeis combines
all  the recent advances  in marine acquisition  to acquire full-azimuth, ultra-
long-offset  and broad bandwidth data to  achieve innovative illumination in the
most  challenging areas,  where conventional  wide-azimuth acquisition  fails to
image targets below complex overburdens.

A  comparison between a  portion of the  IBALT survey overlapping CGG's previous
Garden  Banks  wide-azimuth  dataset  shows  that  the Fast Trax TTI RTM imaging
results  deliver better  illumination and  improved low-frequency penetration to
provide  enhanced  interpretability  of  subsalt  targets. Final fully processed
products will be available in August 2014.

CGG is currently acquiring its second StagSeis survey, "Deux", which covers 357
blocks  adjacent to IBALT.   Acquisition of Deux  is scheduled for completion in
November of this year, with Fast Trax data being available in May 2014 and final
data in May 2015.

Jean-Georges Malcor, CEO, CGG, said: "The significantly better subsalt images we
are  seeing from our IBALT Fast Trax TTI RTM results totally validate our design
of  StagSeis  to  meet  our  clients'  need  for  a  new  generation of offshore
acquisition  solutions to reduce  E&P risk. We  plan to build  on the success of
IBALT  and Deux to offer this technology  in other challenging areas of the Gulf
of Mexico."

About CGG
CGG ( 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 business divisions of Equipment, Acquisition and Geology,
Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural
resource exploration and exploitation.
CGG employs over 9,800 people around the world, all with a Passion for
Geoscience and working together to deliver the best solutions to its customers.

CGG is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York Stock
Exchange (in the form of American Depositary Shares. NYSE: CGG).

  Christophe Barnini
  Tel: +33 1 64 47 38 11

CGG - First results from Ibalt StagSeis survey:


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