CGGVeritas, BG agree on technology development plan

CGGVeritas says it has signed a technology cooperation agreement with BG Group to develop and deploy seismic advances across the exploration and production workflow.

Offshore staff

PARIS – CGGVeritas says it has signed a technology cooperation agreement with BG Group to develop and deploy seismic advances across the exploration and production workflow.

The companies plan to collaborate on such projects as broadband acquisition and processing, complex subsalt imaging, deep targets, and also unconventional gas.

“This is a positive step which brings together the joint talents of an experienced global operator and a skilled geophysical contractor,” says James Faroppa, chief technical officer, BG Group. “The solutions developed and field trials performed will help BG Group successfully address technology challenges across a broad range of conventional and unconventional assets.”

“Working together will ensure that CGGVeritas fully understands the exploration and reservoir characterization needs of BG Group in all the diverse and worldwide areas where they operate,” says Lionel Lhommet, EVP. “This will enable us to develop innovative tailored seismic technologies to best resolve their (BG Group’s) specific subsurface imaging challenges.”

1/10/2011

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