CGG has commenced its Gippsland ReGeneration 3D reprocessing project in Gippsland Basin located in south-east Australia.

After completion of the project, it will provide a high-resolution 3D seismic data for the area, which hosts numerous oil and gas prospects.

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With the application of the new technology, the company will be able to image Gippsland Basin’s challenging shelf break and multiple submarine channels.

CGG will employ high-end technology and workflows, including advanced de-multiple and high-frequency FWI in this project to ensure reservoir imaging improvements and detailed understanding of the basin.

The project will also be helpful in identifying new potential deep reservoir targets in the area.

"With its well-established infrastructure and under-developed resources, we believe this high-end reprocessing project has the potential to regenerate the basin and offer a solution to the projected shortfall in Australia’s East Coast gas supplies."

CGG Multi-Client and New Ventures Eastern Hemisphere senior vice-president Mark Richards said: “CGG sees the Gippsland Basin as an exciting opportunity to show how its leading-edge seismic imaging technologies can enable the industry to breathe new life into a mature basin.

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“With its well-established infrastructure and under-developed resources, we believe this high-end reprocessing project has the potential to regenerate the basin and offer a solution to the projected shortfall in Australia’s East Coast gas supplies.”

Gippsland Basin has produced more than four billion barrels of liquid hydrocarbons and seven trillion cubic feet of gas to date.

The hydrocarbons and gas were sourced from thick coal seams formed during the Paleocene to Eocene ages and trapped in late Tertiary, inversion-formed, compressional structures.

The region still holds enormous opportunity for new discoveries and developments, with the first being discovered more than 50 years ago.