CGG Provides First Quarter 2020 Financial Update
Paris, France | Apr 8, 2020Positive Net Cash Flow of $25 million.
Positive Net Cash Flow of $25 million.
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.
Q4 2019: 18% segment operating income margin and $26m net income
CGG announced today that it has completed the wind-down and exit from its land seismic data acquisition business after completing its last land seismic acquisition contract in Tunisia.
CGG announced today that its Geoscience division has been awarded a contract renewal by Total, for the continued operation of its Dedicated Processing Center (DPC) in Pau, France.
CGG and Fairfield Geotechnologies have signed a second cooperation agreement to acquire a series of large-scale, high-density, multi-client surveys in the Central Basin Platform (CBP) of the Permian Basin located in West Texas.
Exceptional seismic images of Zambezi Delta Basin will accelerate and better inform industry decision-making.
CGG announced today that it has completed exit from marine acquisition business.
CGG anticipates Q4 2019 segment Group revenue at $393 million