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CGG GeoConsulting and Petroleum Corporation of Jamaica Announce First Reported Discovery of Live Oil Onshore Jamaica

Paris, France | Feb 20, 2018

CGG GeoConsulting and the Petroleum Corporation of Jamaica (PCJ) have announced the discovery of two independent live oil seeps from different parts of the island of Jamaica. This significant find marks the first documented occurrence of ‘live’, or flowing, oil from onshore Jamaica and will be of particular interest to oil explorationists focused on Central America and the Caribbean.

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New CGG GeoSoftware Technology Drives Greater E&P Efficiency

Paris, France | Feb 15, 2018

CGG GeoSoftware has announced new releases across its entire geoscience portfolio. Its complementary HampsonRussell, Jason, PowerLog, InsightEarth, VelPro, and EarthModel FT solutions are the industry’s preferred set of tools and support for multi-disciplinary teamwork at every stage from exploration and development to life-of-field production management.

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CGG Multi-Physics Sets Industry Benchmark for Marine GravMag

Paris, France | Feb 8, 2018

CGG's Multi-Physics Marine group achieved a production rate of 99.7% in 2017, including acquisition of gravity and magnetic (GravMag) data totaling nearly 24,000 sail line kilometers during one of the world’s largest proprietary 3D marine seismic surveys.

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Press Release

CGG in support of SNH in its Promotion of Open Acreages in Rio del Rey and Douala/Kribi-Campo Basins for 2018 Cameroon Licensing Round

Paris, France | Jan 18, 2018

CGG announced today that it has an agreement with Société Nationale des Hydrocarbures (SNH), the National Oil and Gas Company of Cameroon, to promote enhanced multi-client E&P data packages and interpretative products, in support of Cameroon’s 2018 Onshore & Offshore Licensing Round opened and conducted by SNH for eight free blocks on offer, located in sedimentary basins offshore and onshore Cameroon.

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Press Release

CGG launches its share capital increase with preferential subscription rights for an amount of approximately €112.2 million through the issuance of new shares, each with one warrant attached

Paris, France | Jan 17, 2018

CGG (the “Company”) announces today the terms of its share capital increase with preferential subscription rights (the “Rights”) for an amount of approximately €112.2 million (including share premium) (the “Rights Issue”), by way of an issuance of shares of the Company (the “New Shares”) each with one warrant attached (the “Warrants #2” and together with the New Shares, the “ABSAs”).

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