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Press Release

CGG Provides Full Year 2020 & Q4 Financial Update

Publish Location
Paris, France
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Fourth quarter 2020 revenue update:

CGG anticipates Q4 2020 segment Group revenue at $282 million.

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CGG Converts a Vendor Loan into Shearwater Shares

Publish Location
Paris, France
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On December 29, 2020, CGG SA converted a Vendor Note issued by Shearwater Group on January 8, 2020 with the amount of 49,399,176 US Dollars into shareholding in Shearwater Geoservices Holding AS.

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Sercel Wins Second Saudi Mega-Crew Equipment Contract

Publish Location
Paris, France
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Sercel has won a second major contract to supply land seismic equipment to a leading seismic acquisition contractor for a 3D mega-crew survey in Saudi Arabia. It has also won a smaller contract to equip a 2D survey to be conducted by the same contractor.

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The new 3D contract includes a Sercel 508XT seismic acquisition system of over 60,000 channels equipped with strings of SG-10 geophones, and a fleet of over 30 Nomad 65 Neo all-terrain vibrator trucks with a full VE464 advanced vibrator electronics package (image courtesy of Sercel).
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