CGG Confirms Another Client Commitment To Its StagSeis Solution

(RTTNews) - CGG (CGG) announced another significant commitment from an Exploration and Production company to its StagSeis multi-client solution in the Gulf of Mexico, this time with an earlier prefunder expanding their position.

Following completion of its acquisition in October, StagSeis presales of all three surveys, IBALT, DEUX and TROIS, have continued to strengthen, both with new companies joining, and with repeat customers increasing their commitments, CGG noted.

Imaged by CGG, and covering the complex subsalt plays in select locations of Garden Banks, Keathley Canyon, Walker Ridge and Green Canyon, the StagSeis solution is an optimal tool to help oil and gas companies' best manage their E&P programs and make informed decisions on the large number of lease blocks to be auctioned in the deep water Gulf of Mexico through 2020, the company said.