This data reprocessing project targets Block 22, described as highly promising, and is offered as part of the upcoming licensing round. The dataset will cover an area of 4,300 km² and will provide insights into underexplored structures in the Atlantic area, adjacent to the Cameia and Golfinho fields. Initial results are expected in the first quarter of 2026, with final products anticipated for the third or fourth quarter of the same year. Viridien will employ its proprietary imaging technologies, including time-lag FWI, Q-FWI, Q-Kirchhoff, as well as advanced deghosting and demultiple processes.
Expansion of Data Coverage
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The new data from Block 22 will supplement the 2,900 km² of data already acquired on the neighboring Block 20/11, thus providing a total coverage of over 7,200 km² of modern PSDM wide-band frequency data. This coverage is designed to facilitate the evaluation of both pre-salt and post-salt areas of the Kwanza Basin.
Strategic Collaboration and Goals
According to Dechun Lin, EVP of Earth Data at Viridien, the company continues its collaboration with the Angolan national energy agency, ANPG, and maintains its presence in Angola through this new project. It aims to support the upcoming licensing round. Viridien highlights its 3D seismic data with wide-band frequencies to enhance industry decisions and maximize the success of exploration operations.
SectorLogiciels · Ingénierie / Conseil›équipements et services pétroliers
Context
Period
Period: 3T 2025
Guidance from the release
Viridien a réalisé un excellent troisième trimestre, contribuant à une génération robuste de Cash-flow net.
Prix du pétrole volatils; néanmoins activités d'exploration et sismique jugées résilientes, carnet de commandes robuste et objectif de Cash-flow net 100 M$ pour 2025.
Risks mentioned
Volatilité des prix du pétrole pouvant entraîner reports d'investissements
Risque de recouvrement de créances (créances en retard auprès de PEMEX)
Effet défavorable du change (~3 M$ d'impact négatif sur SMO)
Opportunities identified
Forte demande pour les données haute qualité d'Earth Data (EDA) — croissance élevée des ventes après-vente
Réduction du coût de la dette via rachats obligataires améliorant la génération de cash future
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