CGG Wins Contract for PDO Subsurface Imaging Center
Paris, France – December 18, 2013
CGG announced today that it has been awarded a further contract by Petroleum Development Oman (PDO) to provide seismic imaging services at its dedicated center in Muscat, Oman. CGG has been operating the PDO dedicated center since 1994 and the contract will run for another four years from January 2014.
CGG and Spectrum Announce Large Multi-Client Survey Offshore Brazil
Paris, France – December 17, 2013
CGG and Spectrum announced today that they are jointly launching a large, high-end BroadSeisTM 3D multi-client survey program offshore Brazil that will focus on a large proportion of open acreage in the very promising Foz do Amazonas Basin. The two companies are working as equal partners on this project which has received high prefunding from a number of major industry players.
CGG to Implement a New Strategic Phase
Rebalance its portfolio of activities
Improve profitability and cash generation
2013 EBIT revised down to $400m-$420m
Award of three large projects offshore Brazil
Paris, France - December 17, 2013
During its Capital Market Day hosted today in Paris for investors and analysts, CGG presented the latest phase in its strategic roadmap which will be fully implemented by the end of 2016. CGG’s activities are closely correlated with the long-term exploration and production trends of our Oil and Gas company clients.
CGG Signs Diskos Data Management Contract in Norway
Paris, France – December 10, 2013
CGG announced today that it has signed a contract with the Norwegian Petroleum Directorate (NPD) relating to the Seismic, Well and Production modules in the Diskos database, the National Data Repository of Norway. The scope of the contract includes implementation of software during 2014 and operation of the database from 2015 through to the end of 2020.
CGG Announces Third Quarter 2013 Results
Third Quarter 2013 Revenue up 6%
YTD Revenue up 14%
2013 Revenue expected to increase by 15%-17%
2013 EBIT margin to be between 12%-13%
PARIS, France – November 7th 2013 – CGG (ISIN: 0000120164 – NYSE: CGG) announced today its non-audited third quarter 2013 consolidated results. All comparisons are made on a year-on-year basis with CGG 2012 results before the Fugro Geoscience acquisition.
CGG Announces Large Pemex Survey in Gulf of Mexico
Paris, France – November 7, 2013
CGG announced today that it has been selected to acquire a large high-end seismic acquisition survey in the Mexican waters of the Gulf of Mexico on behalf of Pemex. The survey is phase 5 in Pemex’s Centauro program, the largest ever proprietary 3D wide-azimuth program to be conducted worldwide.
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