Viridien Expands Expertise with Groundbreaking Project in Algeria
Viridien Secures Key Seismic Project in Algeria
Viridien, a leader in technology and Earth data solutions, through its subsidiary, has secured a pivotal contract from Groupement Hassi Bir Rekaiz. This joint operatorship including key players in the oil sector, such as Sonatrach and PTTEP, emphasizes Viridien's growing presence in the region.
Innovative Seismic Data Reimaging
The project involves the reimaging of two legacy 3D seismic datasets covering a substantial area of 2,400 square kilometers in the Hassi Bir Rekaiz concession. This initiative, set to unfold over approximately 13 months, aims to utilize cutting-edge technology to merge and enhance datasets collected in 2011 and 2013.
Enhanced Imaging Techniques
Viridien scientists are focusing on delivering more accurate seismic velocity models. By improving the reliability of attributes like seismic amplitude, phase, and frequency, the company hopes to facilitate better quantitative interpretation and fault imaging. This innovative approach is poised to unlock new insights into the geological landscape.
Client Confidence in Viridien
Peter Whiting, EVP of Geoscience at Viridien, expressed enthusiasm about the award, highlighting the confidence clients have in their expertise. According to Whiting, advancements in technology allow Viridien to extract valuable information from existing data, ultimately enhancing reservoir insights for clients. He noted, "The ultimate value lies in our ability to reduce uncertainties and increase drilling success, thus generating significant value for our clients."
About Viridien
Viridien is not just another Earth data company; it's a pioneer in employing innovative solutions for complex challenges related to natural resources, digital space, energy transitions, and infrastructure. With a workforce of around 3,500 globally, the company is recognized for its commitment to sustainable practices and scientific advancement. Viridien is listed on the Euronext Paris SA under the ticker VIRI, showcasing its robust presence in the market.
Contact Information
If you wish to learn more about Viridien or this project, please reach out to their Investor Relations representative, Jean-Baptiste Roussille, at +33 6 14 51 09 88 or via email at jean-baptiste.roussille@viridiengroup.com. For media inquiries, contact Sara Pink-Zerling at +33 6 37 57 95 44 or via email at media.relations@viridiengroup.com.
Frequently Asked Questions
What is the significance of the seismic data project in Algeria?
This project aims to reimage legacy data that will provide more detailed geological insights and improve drilling success rates.
What technology is Viridien using for this project?
Viridien employs advanced seismic imaging technology to enhance the quality and reliability of seismic data.
Who are the partners in the Groupement Hassi Bir Rekaiz?
The joint operatorship includes Sonatrach and PTTEP, demonstrating a collaboration between leading oil and gas companies.
How many years of data will be analyzed in this project?
The project will analyze seismic data collected over several years, specifically from 2011 and 2013.
In what stock market is Viridien listed?
Viridien is listed on the Euronext Paris SA under the ticker symbol VIRI.
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