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 the Fast Trax™ Reverse Time Migration (RTM) data from its Encontrado multi-client mega-merge project covering the Perdido fold belt has been delivered on time to the industry and the Comision Nacional de Hidrocarburos (CNH) ahead of Mexico’s December Licensing Round.
Acquisition of CGG’s 9,800 km long-offset broadband 2D multi-client seismic survey in the highly prospective Gabon South Basin has been completed.
CGG has commenced acquisition of a large broadband 3D multi-client survey in the pre-salt area of the deepwater Santos Basin. Santos VIII is the most recent survey in CGG’s vast on-going pre-salt program that delivers ultramodern seismic data, enabling exploration companies to better evaluate pre-salt opportunities in advance of Brazil’s pre-salt licensing rounds.
CGG has commenced acquisition of a large broadband 3D multi-client survey in the pre-salt area of the deepwater Santos Basin. Santos VIII is the most recent survey in CGG’s vast on-going pre-salt program that delivers ultramodern seismic data, enabling exploration companies to better evaluate pre-salt opportunities in advance of Brazil’s pre-salt licensing rounds.
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.).
CGG announced today that the final pre-stack depth-migrated data for Phase 1 of its Davros 3D BroadSeis™ and BroadSource™ multi-client survey in the Northern Carnarvon Basin on the North West Shelf of Western Australia is available now. With over 6,400 km2 already acquired, Davros is the largest multi-client seismic program ever to be acquired and processed by CGG in the Asia-Pacific region.
NPA Satellite Mapping, part of CGG’s Geoscience Division, has launched MineScope™, a suite of satellite-derived services that enable mining companies and third-party consultants to make smarter geological, geotechnical and safety-related decisions throughout the mining lifecycle.
CGG board following the March 8 meeting, announces