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Reverse stock split operations, that the combined general shareholders’ meeting approved on 27 May 2016, will begin on 20 June 2016...

All seismic signals naturally undergo attenuation during transmission through the Earth. The effect is generally stronger the longer the distance travelled. By the same virtue, higher frequencies are affected more than lower frequencies, as a greater number of wave cycles occur along the same travel path.

CGG GeoSoftware has completed the launch of a series of innovative new releases from across its reservoir characterization product portfolio. The delivery of Jason 9.5, HampsonRussell 10.1, InsightEarth 3.0.2, PowerLog 9.5, EarthModel FT 9.5 and VelPro 9.5. marks the next stage in GeoSoftware’s strategy to offer a full suite of powerful and complementary software solutions that integrate multi-disciplinary workflows to overcome the most complex subsurface challenges in all types of reservoirs.

Despite depressed oil prices, the Gabonese 11th deepwater licensing round has generated considerable interest from both International Oil Companies (IOC’s) and newcomers alike, encouraged by the success of exploration in the conjugate margin offshore Brazil, as well as recent pre-salt discoveries such as Ruche, Tortue, Diaman and Leopard in nearby Gabonese waters.

CGG announced today that Sercel has delivered two of its new-generation 508XT land seismic acquisition systems, representing a total of 12,000 channels, to Bashneftegeofizika, one of the largest oil service companies in the Russian Federation.

CGG congratulates Joe Zhou, Processing Manager, Singapore, on being presented with the EAGE 2016 Guido Bonarelli Award in recognition of the best oral presentation for his paper entitled ‘Unlocking the full potential of broadband data with advanced processing technology, a case study from NWS Australia’.

Selecting the best drilling locations in all types of reservoirs depends on successfully tackling complex subsurface challenges. To address the tough technical issues involved, CGG GeoSoftware has launched the latest version of its Jason 9.5 advanced reservoir characterization software.

CGG has announced that its Mexican entity, CGGVeritas Services de México S.A. de C.V. (CGG), has become one of only a small number of companies to be registered by Mexico’s National Hydrocarbons Commission (CNH) as an independent third party qualified to audit and certify Mexico’s reserves, either for oil and gas operators or directly for the CNH.

CGG GeoSoftware has launched EarthModel FT 9.5, the latest version of its comprehensive geological modeling software that combines well and seismic data for a better understanding of the reservoir. Users can determine reservoir properties such as lithofacies, porosity and permeability, for more accurate modeling results.