Newsroom

2017 Q4: Rebound in Revenue and Positive Operating Income

CGG announced today that Sercel has sold one of its new Sentinel® HR high-resolution solid streamers to the Alfred Wegener Institute (AWI), a German research foundation specializing in polar and marine research in the Arctic and Antarctic.

CGG announces that on 21 February 2018 it finalized the implementation of its financial restructuring plan, which meets the Company’s objectives of strengthening its balance sheet and providing financial flexibility to continue investing in the future.

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.

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.

CGG announces today its Senior Notes will be delisted from the official list of the Luxembourg Stock Exchange and withdrawn from trading on the Euro MTF market of the Luxembourg Stock Exchange.

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.

CGG, its technology partner, and Ardiseis, subsidiary of the Arabian Geophysical and Surveying Company (ARGAS), the Middle East’s seismic acquisition specialist, have announced the successful completion of their highest-density broadband seismic survey ever acquired onshore or offshore.

CGG has completed acquisition of its Yukon 3D multi-client survey in Canadian County, Oklahoma. The 219-square-mile full-azimuth data set is designed to image the Stack play of the Anadarko Basin west of Oklahoma City.