French offshore survey specialist CGG has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a competitive tender process.
Under the agreement, CGG will shortly commence acquisition of a new multi-client survey of up to 40,000 km sq of 3D data over the Beira High in the Zambezi Delta.
The survey will form part of a comprehensive, fully integrated JumpStart(TM) 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,” said Jean-Georges Malcor, CEO of CGG.
CGG filed for bankruptcy protection in June and is currently under a restructuring process.