Newsroom

CGG announced today that Sercel has signed a strategic partnership agreement with Apave for the delivery of a structural health monitoring (SHM) solution. The partnership brings together Sercel’s high-end sensor technology and Apave’s expertise as a specialist in structural health monitoring.

CGG has commenced acquisition of a new high-density 3D survey in the Anadarko Basin.

CGG anticipates Q4 2018 revenue under the Group’s new perimeter of around $432 million, up 16% year-on-year and 54% sequentially.

CGG announces that Sercel has been awarded a contract by a major data acquisition company to supply land seismic equipment for a large onshore 3D seismic survey in the Middle East. The contract includes 100,000 Sercel 508XT channels equipped with strings of 12 SG-10 geophones.

CGG announced today that its contract with OMV to operate a dedicated center at its head office in Vienna has been renewed. The contract will run for a further three years. During this period OMV will continue to benefit from onsite access to CGG’s subsurface imaging and reservoir characterization expertise and technology.

Our strategic roadmap is focused on ensuring that CGG can produce sustainable returns through the cycles and deliver profitable organic growth. These objectives will be accomplished by transforming CGG into an asset-light People, Data and Technology Company, and furthering the leadership of our three core differentiated businesses: Geoscience, Multi-Client and Equipment, along with developing new areas for capital-efficient profitable growth.

Our third quarter revenue was up 4% year-on-year, confirming the gradual market recovery. Geoscience saw robust performance and Multi-Client delivered a high level of after-sales but was impacted by delayed pre-funding recognized in October.

CGG has commenced acquisition of a high-density, rich-azimuth, towed-streamer multi-client survey in the UK West Shetland Basin. The 3,600 sq km survey has received strong industry support and been designed in collaboration with major international oil companies.

CGG S.A. (“CGG”) today announces that the Board of Directors has unanimously approved the voluntary delisting of its American Depositary Shares (“ADSs”) from the New York Stock Exchange (“NYSE”) and its voluntary deregistration with the United States Securities and Exchange Commission (“SEC”).