Newsroom

CGG announced that its Document de référence was filed on Friday, April 5, 2019, with the Autorité des Marchés Financiers (AMF). An English translation is also available.

Smart Data Solutions, part of CGG’s Geoscience division, has opened a new state-of-the-art reservoir fluids and gas sample storage facility in Schulenburg, just west of Houston, Texas.

Following a record five years of sustained production rates of over 97%, CGG Multi-Physics finished 2018 with a production rate for Marine GravMag of over 99% for the second year in a row.

CGG announced today that Sercel has launched its first distributed acoustic sensing (DAS) seismic solution: SigmaWave. Designed in partnership with Fotech Solutions, SigmaWave is the first integrated distributed acoustic solution designed exclusively for borehole seismic applications.

CGG announces the launch by Sercel of the world’s first Vibrator Auto-Guidance solution, designed to increase vibroseis productivity by up to 10%.

As the market continues its gradual recovery, CGG in its new profile delivered excellent 2018 operating results, which were above expectations. Our Geoscience, Multi-Client and Equipment businesses generated $134m of segment free cash flow validating our strategic decision to refocus the Company on its high value-add and profitable businesses.

CGG announces that GeoSoftware, part of its Geoscience Division, has launched a new generation of cloud-ready reservoir characterization solutions.

CGG and TGS announce the Greater Castberg TopSeis™ survey in the Barents Sea. The survey is 5,000 sq km, and will be acquired and processed with the latest developments of CGG’s TopSeis acquisition and imaging technology.

Building on the success of its 25,000 km2 3D BroadSeis™ survey, which led to the recent Boudji-1 and Ivela-1 oil discoveries, CGG is extending its Gabon multi-client data footprint with a 9,800-km long-offset 2D seismic survey in an unexplored deepwater area of the South Basin.