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team. Deliverables will include a full 3D acquisition took a much larger share of potential for new discoveries, Mexico’s waters geophysical interpretation report, including overall multi-client spend. Among the 40 or so are by far one of the most attractive areas de? nition of basement lithology and struc- on Earth today. This means that the growing multi-client projects approved by CNH, CGG ture, mapping of sediment fairways and had six in total and is currently conducting industry interest in exploring these areas, as depositional-centers and any intrusives or one acquisition and one reprocessing project seen over the last three years, will very likely salt which may be present in the sedimen- that should be completed by mid-2017. continue and probably grow further.

However, the “below ground” aspects

Considering that only Pemex is actively tary section. These will provide important

CGG sheds light on are only half of the equation for exploration doing proprietary exploration, exclusive insights to exploration and de-risking of companies. The other aspects, that are cer- projects are rather limited. That being said, prospective areas by oil companies. tainly no less critical, are the “above ground” two tenders were awarded in 2016 and CGG Block 1 of the airborne gravity and mag- conditions, which include all the regulations, won the challenging deepwater program netic multi-client data has been acquired,

Mexico’s seismic scene ? scal terms and overall working conditions mentioned earlier. processed and delivered to the participants.

In my opinion, the multi-client seismic that Mexico needs to consider to increase acquisition market will slow down slightly, OE: What are some of the challenges CGG its attractiveness, particularly with respect pending the interest shown by the new IOCs sees in the Mexico market (workforce, to other countries that are also competing that arrived in Mexico in December 2016, and equipment, etc.), and what are some ways to attract investors. In this regard, one has its focus is also likely to shift from large 2D to the company has worked to resolve them? to recognize that the Mexican authorities acquiring smaller areas with higher resolution are very alert and active at comparing and

The industry has experienced some seri- that can be mainly achieved with 3D. adjusting, when and where necessary, to ous challenges during the last few years secure a leading position for the attractive- and Mexico has not been exempt from ness of the Mexico brand.

OE: Could you tell me about some of the those. If we look at the challenges speci? c

In my opinion, we will continue to see many projects CGG is working on in Mexico? to the local market the obvious ones are changes in the years to come and we will

The highlight of our multi-client data o