CGG and Baker Hughes Sign Exclusive Long-term RoqSCAN Agreement as Part of
Shale Science Alliance
HOUSTON, March 25, 2014
HOUSTON, March 25, 2014 /PRNewswire/ --Baker Hughes Incorporated (NYSE: BHI)
announced today that it has signed an exclusive agreement with CGG
(NYSE/Euronext: CGG) for RoqSCAN™ technology offered by CGG.
RoqSCAN is a real-time, fully portable, quantitative and automated rock
properties and mineralogical analyzer. Developed by Robertson, a CGG company,
and Carl Zeiss Microscopy Ltd., RoqSCAN delivers highly quantitative
compositional and textural mineralogical data from drilling cuttings or core
pieces, revealing the mineralogical DNA of the reservoir. This service can be
provided at the wellsite during drilling operations, or later in core stores,
field offices and laboratories.
Baker Hughes will include RoqSCAN in its shale reservoir evaluation services
as part of the Shale Science Alliance with CGG. The agreement further
strengthens the strategic relationship between the two companies, which is
designed to help operators better understand shale plays and predict "sweet
spots" based on the combination of seismic attributes and accurate wellbore
"RoqSCAN is the latest addition to a suite of reservoir characterization
services offered by Baker Hughes," said Derek Mathieson, Vice President,
Strategy and Corporate Development for Baker Hughes. "The data provided by
RoqSCAN significantly improves the real-time evaluation of laterals, thereby
allowing operators to deploy more efficient and effective completion
"RoqSCAN acts as an innovative bridge, delivering important geologic
information to our integrated geoscience offering with Baker Hughes and
providing a ground truth for our predictive reservoir models. It allows us to
properly characterize the geological factors behind the sweet spots and
optimize the completion design and fracturing to maximize production and
reduce costs in these capital-intensive shale play operations. This exclusive
agreement strengthens our ties with Baker Hughes and offers an exciting
opportunity to demonstrate the value of RoqSCAN and the benefits of our Shale
Science Alliance to the industry," said Sophie Zurquiyah, Senior Executive
Vice President of CGG's Geology, Geophysics & Reservoir Division (GGR).
About Baker Hughes
Baker Hughes is a leading supplier of oilfield services, products, technology
and systems to the worldwide oil and natural gas industry. The company's
59,000-plus employees today work in more than 80 countries helping customers
find, evaluate, drill, produce, transport and process hydrocarbon resources.
For more information on Baker Hughes, visit: www.bakerhughes.com.
CGG (www.cgg.com) is a fully integrated Geoscience company providing leading
geological, geophysical and reservoir capabilities to its broad base of
customers primarily from the global oil and gas industry. Through its three
complementary business divisions of Equipment, Acquisition and Geology,
Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural
resource exploration and exploitation.
CGG employs over 9,800 people around the world, all with a Passion for
Geoscience and working together to deliver the best solutions to its
CGG is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York
Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).
Baker Hughes Media Relations
Baker Hughes Investor Relations
Tel: +33 1 64 47 38 11
SOURCE Baker Hughes Incorporated
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