CGG has agreed to sell its Multi-Physics business to Excalibur Group.
CGG has agreed to sell its Multi-Physics business to Excalibur Group.
The Sale and Purchase Agreement (SPA) provides for the sale of CGG’s entire Multi-Physics business, except its multi-client library. The transaction is expected to close in Q4.
Xcalibur Airborne Geophysics Group (XAGG), a global provider of ultra-high resolution for Magnetics-Radiometrics regional and detailed airborne geophysical services with offices in Spain, South Africa and Colombia.
Meanwhile, CGG Multi-Physics has updated its LCT potential field software suite. Oil and gas exploration geoscientists use LCT to model, process and interpret their gravity and magnetic data for guiding integrated subsurface imaging.
The LCT R2017.06 release enhances the software’s intuitive and powerful workflows, improving ease-of-use and increasing productivity.
Critical techniques required for comprehensive geological forward modelling, inversion, and management of potential field data have also been extended to deliver a more accurate model of the subsurface:
The new LightTable module supports and integrates LCT’s existing 3MOD and 2MOD modules for producing realistic geological models. Seamless integration of 2D and 3D gravity and magnetic modelling has never been easier.
A new GDE (Gravity Depth Estimation) software module offers an equivalent source-based processing and modelling tool for producing gravity-derived depth volumes co-rendered with seismic for seismic depth migration.
Enhanced and streamlined features in GRDFFT, the interactive module for gravity and magnetic grid enhancement processing and filtering.
Greg Paleolog, SVP, Multi-Physics, CGG, said: ‘For over 20 years, our oil and gas company users around the world have relied on the tools in our LCT software to integrate potential field data into their exploration workflows. The technology updates we’ve included in this new release stem from our close relationship with them.’
