CGG Press Releases

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June 20, 2017

CGG Wins Renewal of Dedicated Center Contract for PTTEP

CGG announced today that PTT Exploration & Production Public Company Limited (PTTEP) has renewed its contract for the dedicated processing center (DPC) CGG has been operating in Bangkok on its behalf since November 2013. The new contract will run for a further three years ...

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June 14, 2017

CGG Begins Legal Process to Implement Balance Sheet Restructuring and Create Sustainable Capital Structure

CGG today announced that following execution of legally binding agreements in support of the terms of the agreement-in-principle with key financial creditors announced on June 2, 2017, it has begun legal processes to implement a comprehensive pre-arranged restructuring ...

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June 14, 2017

CGG Launches JumpStart Regional Geoscience Programs

CGG announced today at the 2017 EAGE Conference & Exhibition the launch of JumpStart™ multi-client geoscience programs designed to accelerate industry understanding of petroleum systems and support exploration efforts ...

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June 13, 2017

Sercel Improves Versatility of 508XT with New WTU-508 Node

CGG announced today that Sercel has launched the WTU-508 high-performance X-Tech® node as an extension of its 508XT land seismic acquisition product range ...

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June 8, 2017

CGG Delivers Final Data from Encontrado project

CGG announced today that the final products from its Encontrado multi-client reprocessing project across the Gulf of Mexico’s prolific Perdido fold belt have been delivered on schedule to the Comision Nacional de Hidrocarburos (CNH) and the industry ...

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June 2, 2017

Agreement in principle on financial restructuring plan

CGG announces that it has reached an agreement in principle on a financial restructuring plan (the “Agreement in Principle”) which meets the Company’s objectives of (i) full equitization of the existing unsecured debt, (ii) extension of the maturity of the secured debt and (iii) financial flexibility to confront various business scenarios through ...

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