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Last updated : 03/06/2026 - 17h35
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Viridien Launches Seismic Reprocessing Project in Angola

Viridien has announced a seismic data reprocessing project on block 22 off the coast of Angola, a promising sector for the upcoming licensing cycle.


Viridien Launches Seismic Reprocessing Project in Angola

Project Overview

Viridien has unveiled a new seismic reprocessing project on block 22 located off the coast of Angola. This project spans an area of 4,300 km2 and aims to provide crucial information on the underexplored structures of the Atlantic area. Initial results are expected in the first quarter of 2026, with final products anticipated in the third or fourth quarter of the same year.

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For this project, Viridien will employ its latest imaging technologies, including time-lag FWI, Q-FWI, Q-Kirchhoff, as well as advanced degaussing and demultiple processes. These new data will complement the existing 2,900 km2 of data from the adjacent block 20/11, providing a total coverage of over 7,200 km2 for the evaluation of pre-salt and post-salt areas in the Kwanza Basin.

Strategic Collaboration

According to Dechun Lin, EVP at Viridien, the group is 'excited to continue its close collaboration with the Angolan national energy agency, ANPG.' This initiative is part of the support for the upcoming licensing cycle and strengthens Viridien's long-standing presence in Angola. The company, listed on Euronext Paris under the name VIRI (ISIN: FR001400PVN6), employs about 3,200 people worldwide.



Sector Logiciels d'entreprise · Services industriels équipements et services pétroliers


Assurance vie

Context

Period
  • Period: 1T2026
Key reported figures
  • Revenue: 200M$
  • EBITDA: 63M$
  • Net income: -10M$
  • Free cash flow: 26M$
  • 700M$
Guidance from the release
  • Comme anticipé, le début d’année a été lent, dans un contexte de prudence accrue.
  • Contexte du marché ralenti affectant plusieurs activités.
Risks mentioned
  • Environnement de marché incertain avec des impacts sur les activités Sensing & Monitoring.
  • Retards possibles dans les attributions de projets à court terme.
Opportunities identified
  • Le modèle asset-light a permis une gestion financière disciplinée.
  • Flexibilité accrue dans le processus économique.
  • Croissance mid-single digit des nouvelles activités.

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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