CGG :Second CGG BroadSeis Multi-client Survey In Norway Offers New Seismic Footprint In Barents Sea

PARIS, Oct. 9, 2013 (GLOBE NEWSWIRE) --
Second CGG BroadSeis multi-client survey in Norway offers new seismic footprintin Barents SeaCGG announced today that it has successfully completed a second BroadSeis(TM)multi-client survey offshore Norway. The survey covers a 2,300 km(2 )areain theBarentsSea. Fast-track processing deliverables will be available by the end of2013 and final processing products by August 2014.This second BroadSeis 3D survey is located in the southeastern part of theBarents Sea adjacent to the recent eastward extension of Norwegian territory asa result of the border agreement between Norway and Russia. New data is requiredto assess the petroleum potential in this region.The Barents Sea BroadSeis survey follows on from CGG's recent first BroadSeismulti-client survey offshore Norway which targeted the Halten Terrace. Theindustry has shown strong interest in this new multi-client data acquired withCGG's broadband technology and initial results just released show a significantimprovement in the imaging of deeper targets.Jean-Georges Malcor, CEO, CGG, said: "CGG regards Norway as an important regionfor the expansion of its multi-client activities and is working on several newprojects including the Barents Sea survey. Our geologists are optimistic aboutthis region's oil potential and we consider it to be a strong candidate forinclusion in Norway's 23(rd) licensing round set to take place in the secondhalf of 2014. Our recently expanded team of multi-client experts in Norway drewon their extensive knowledge of the Barents Sea region to design this BroadSeissurvey and we are convinced that the resulting images will enhance theindustry's geological understanding of this promising region."About CGGCGG (www.cgg.com) is a fully integrated Geoscience company providing leadinggeological, geophysical and reservoir capabilities to its broad base ofcustomers primarily from the global oil and gas industry. Through its threecomplementary business divisions of Equipment, Acquisition and Geology,Geophysics & Reservoir (GGR), CGG brings value across all aspects of naturalresource exploration and exploitation.CGG employs 10,000 people around the world, all with a Passion for Geoscienceand working together to deliver the best solutions to its customers.CGG is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York StockExchange (in the form of American Depositary Shares. NYSE: CGG).Contacts Communications Christophe Barnini Tel: +33 1 64 47 38 11 E-Mail: invrelparis@cgg.comCGG - Barents Sea MC Survey: http://hugin.info/142000/R/1734409/580890.pdf[HUG#1734409]