Newsroom

CGG announced today that its interim report for the period ending June 30, 2018 and its Form 6-K for the second quarter and first half of 2018 were filed with the Autorité des Marchés Financiers (AMF) and the SEC on August 2, 2018 respectively.

The second quarter results were in line with our expectations with a stable EBITDAs margin year-over-year. SIR performed well and Multi-Client after-sales were particularly high with significant contribution from the North Sea.

CGG announces the appointment of Yuri Baidoukov as Group CFO, effective September 1, 2018.

CGG has completed the Pre-Stack Time Migration (PSTM) of its 2,500-sq-km Dunquin multi-client survey acquired in Block 44 of the Porcupine Basin, west of Ireland, in 2017.

At the 2018 EAGE convention in Copenhagen, CGG GeoSoftware is showcasing its latest developments aimed at harnessing the powerful capabilities of machine learning and cloud computing to enhance the performance and value of its geoscience software. E&P industry users can benefit from these new advances and transform their work practices, processes and workflows to ultimately streamline and improve operations.

CGG has completed acquisition of 15,400 km2 of 3D marine seismic data in the outer Zambezi Delta Basin, west of the Beira High. The survey area covers blocks Z5-C and Z5-D and surrounding non-held acreage.

CGG announced today that Sercel has launched a transition zone version of its state-of-the-art 508XT seismic acquisition system. Seismic crews will now be able to deploy the 508XT solution in marsh zones and water depths of up to 25 m.

CGG GeoConsulting has launched the Robertson New Ventures Suite, an integrated and digitally transformed family of exploration-focused geoscience tools and databases that offer clients a competitive edge in global new ventures screening and frontier exploration.

CGG announces that the approval of its safeguard plan by the Commercial Court of Paris on December 1st 2017 was upheld by a ruling rendered today by the Appeals Court of Paris, seized by a group of Convertible Bondholders that had launched a recourse against the draft plan.