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Year-on-year stable EBITDA in a traditionally low seasonal quarter; Balance Sheet: proactive debt management; Financial restructuring: dedicated communication...

CGG GeoSoftware has launched EarthModel FT 9.5, the latest version of its comprehensive geological modeling software that combines well and seismic data for a better understanding of the reservoir. Users can determine reservoir properties such as lithofacies, porosity and permeability, for more accurate modeling results.

Positive Net Cash Flow of $25 million.

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a contract by Equinor for the processing of seismic data from the Johan Sverdrup Permanent Reservoir Monitoring (PRM) system in the North Sea.

CGG annonce le lancement par Sercel d’une nouvelle version de son système d’acquisition sismique de pointe 508XT, spécifiquement dédiée aux zones de transition. Les équipes sismiques pourront désormais déployer la solution 508XT dans les zones marécageuses et les eaux peu profondes jusqu’à 25m.

CGG annonce le lancement par Sercel d’une nouvelle version de son système d’acquisition sismique de pointe 508XT, spécifiquement dédiée aux zones de transition. Les équipes sismiques pourront désormais déployer la solution 508XT dans les zones marécageuses et les eaux peu profondes jusqu’à 25m.

CGG announced today the extension, until the end of 2021, of its contract with Petroleum Development Oman (PDO) for the provision of subsurface imaging technology and services at its dedicated processing center (DPC) in Muscat.

CGG has announced that its Mexican entity, CGGVeritas Services de México S.A. de C.V. (CGG), has become one of only a small number of companies to be registered by Mexico’s National Hydrocarbons Commission (CNH) as an independent third party qualified to audit and certify Mexico’s reserves, either for oil and gas operators or directly for the CNH.

CGG announced today that its backlog, from its new profile, at the end of February 2020 stands at $537m, up 34% compared to last year.