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.
CGG announced today that Sercel has signed a strategic partnership agreement with Apave for the delivery of a structural health monitoring (SHM) solution. The partnership brings together Sercel’s high-end sensor technology and Apave’s expertise as a specialist in structural health monitoring.
CGG has commenced acquisition of a new high-density 3D survey in the Anadarko Basin.
CGG anticipates Q4 2018 revenue under the Group’s new perimeter of around $432 million, up 16% year-on-year and 54% sequentially.
CGG announces that Sercel has been awarded a contract by a major data acquisition company to supply land seismic equipment for a large onshore 3D seismic survey in the Middle East. The contract includes 100,000 Sercel 508XT channels equipped with strings of 12 SG-10 geophones.
CGG announced today that its contract with OMV to operate a dedicated center at its head office in Vienna has been renewed. The contract will run for a further three years. During this period OMV will continue to benefit from onsite access to CGG’s subsurface imaging and reservoir characterization expertise and technology.