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(CGG) today signed a binding term-sheet with Shearwater GeoServices Holding AS (Shearwater) for a strategic partnership for marine seismic acquisition services and creation of a new streamer technology company.

Our geoscience markets continue their gradual recovery driven by increase in offshore E&P Capex. Our strong cash generation reflects the strength of our core businesses and our cost management focus.

CGG is pleased to announce commencement of its first multi-client ocean bottom node (OBN) survey, taking CGG’s offshore data library to the next level of excellence.

Acquisition of CGG’s 9,800 km long-offset broadband 2D multi-client seismic survey in the highly prospective Gabon South Basin has been completed.

CGG announced today that Sercel has created two new brands, Sercel Structural Monitoring and Sercel Earth Monitoring, to bring the benefits of its advanced sensor technology to the high-potential Structural Health Monitoring (SHM) and Earth Monitoring markets.

CGG announced that its Document de référence was filed on Friday, April 5, 2019, with the Autorité des Marchés Financiers (AMF). An English translation is also available.

CGG announced today that Sercel has launched its first distributed acoustic sensing (DAS) seismic solution: SigmaWave. Designed in partnership with Fotech Solutions, SigmaWave is the first integrated distributed acoustic solution designed exclusively for borehole seismic applications.

CGG announces the launch by Sercel of the world’s first Vibrator Auto-Guidance solution, designed to increase vibroseis productivity by up to 10%.

As the market continues its gradual recovery, CGG in its new profile delivered excellent 2018 operating results, which were above expectations. Our Geoscience, Multi-Client and Equipment businesses generated $134m of segment free cash flow validating our strategic decision to refocus the Company on its high value-add and profitable businesses.