On June 14, 2017, CGG S.A. (“CGG”) announced (i) the execution of a lock-up agreement dated June 13, 2017 (the “LUA”) with certain of its key financial creditors in support of its proposed financial restructuring plan (the “Financial Restructuring”) and, in connection therewith, (ii) the opening of a Sauvegarde proceeding in France (and concurrent Chapter 11 and Chapter 15 filings in the U.S.).
On June 14, 2017, CGG SA announced that, following the execution of a lock-up agreement with certain of its financial creditors and a restructuring support agreement with one of its significant shareholders, both in support of a comprehensive financial restructuring plan...
CGG announced today that PTT Exploration & Production Public Company Limited (PTTEP) has renewed its contract for the dedicated processing center (DPC) CGG has been operating in Bangkok on its behalf since November 2013.
CGG GeoSoftware has donated its Jason®, PowerLog® and InsightEarth® software suites, encompassing all aspects of seismic reservoir characterization, to the Geoscience and Technology Institute of China University of Petroleum (East China).
Geoscientists in the oil & gas industry face many challenges in their quest to de-risk and drill the best wells and more confidently forecast production.
CGG’s JumpStart™ multi-client geoscience programs integrate the most advanced seismic data with reviewed, calibrated and interpreted well and geological data for petroleum systems evaluation, supported by regional interpretations and reports.
CGG today announced that following execution of legally binding agreements in support of the terms of the agreement-in-principle with key financial creditors announced on June 2, 2017.
CGG announced today at the 2017 EAGE Conference & Exhibition the launch of JumpStart™ multi-client geoscience programs designed to accelerate industry understanding of petroleum systems and support exploration efforts.
CGG announced today that Sercel has launched the WTU-508 high-performance X-Tech® node as an extension of its 508XT land seismic acquisition product range.