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CGG announced today that it has completed exit from marine acquisition business.

CGG anticipates Q4 2019 segment Group revenue at $393 million

CGG announced today that it is completing its exit from the seabed data acquisition business and has terminated the Seabed Geosolutions’ joint venture agreement effective December 31, 2019.

CGG announced today a program to deliver the largest OBN multi-client survey ever conducted in the UK Central North Sea (CNS). Planned to start in early 2020, the survey has already received significant industry interest and is being prefunded in part by BP. First results are targeted for Q1 2021.

Strong operational performance & cash flow generation drive leverage ratio below 1x

CGG Subsurface Imaging, part of CGG’s Geoscience division, has delivered state-of-the-art broadband 4D seismic results ahead of schedule from BP Angola’s latest monitor survey offshore Angola. This achievement builds on previous 4D seismic processing projects undertaken for BP Angola.

CGG announced today that its Geoscience division has completed, five months early, the multi-year integrated geoscience study awarded by Kuwait Gulf Oil Company (KGOC) in early 2017. The study’s main objective was to identify resource growth potential in the mature, onshore Partitioned Zone (PZ).

CGG announced today that Sercel has launched WiNG, a fully integrated wireless nodal acquisition system that combines optimum field operational efficiency with the highest level of data quality available to support the most precise imaging needs of the land seismic industry.

CGG announced today the launch by Sercel of GPR, a new Ocean Bottom Node (OBN). GPR leverages the proven high performance of Sercel’s QuietSeis® broadband digital sensor technology to collect superior data for accurate seismic imaging compared to data collected by conventional sensors.