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Trading and Financial Strategy Update

Paris, France | Jan 5, 2017

Q4 revenues expected to be the highest quarterly revenues of the year 2016; net debt should amount to circa $2.315 billion as at December 31; priority is now to improve balance sheet and quickly restore financial flexibility...

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Press Release

Sercel Sells Four 508XT Acquisition Systems

Paris, France | Dec 14, 2016

CGG announced today that its equipment business, Sercel, has delivered four of its new-generation 508XT land acquisition systems to two seismic companies recently awarded survey work in India by ONGC and Oil India, as part of a new national seismic program commissioned by the Indian government.

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Press Release

Near Real-Time Imaging Offshore Morocco

Paris, France | Dec 6, 2016

CGG announced today the delivery of near real-time imaging results for a 4,200 sq km BroadSeis 3D marine seismic survey acquired offshore Morocco. CGG delivered the very-fast-track (VFT) RTM PSDM volume to the client only 4 days after the last shot.

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Final PreSDM Data for Gabon Multi-Client Survey

Paris, France | Dec 1, 2016

CGG announced today that the final processed depth volumes (Kirchhoff and RTM PreSDM) from the company’s recent 3D BroadSeis™ multi-client survey in the highly prospective Gabon South Basin are now available for license.

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Press Release

2016 Third Quarter Results

Paris, France | Nov 8, 2016

Persistently difficult market conditions; strict focus on costs, cash and liquidity management; solid operational performance...

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Press Release

Sercel Sells 10,000 UNITE Nodes to NIS

Paris, France | Oct 17, 2016

CGG announced today that Sercel has sold 10,000 channels of its high-end UNITE cable-free land seismic acquisition system to NIS, the leading Serbian oil and gas company in which Gazprom Neft has a majority shareholding.

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Press Release

Multi-Client Projects in Offshore Mozambique

Paris, France | Oct 13, 2016

CGG announced today that it has been awarded an extensive multi-client program by the Instituto Nacional de Petroleo (INP) to acquire seismic data offshore Mozambique. The multi-survey program is designed to improve industry insight into the region’s geology and provide oil and gas companies with a greater level of understanding of the country’s prospectivity.

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