Newsroom

Results strongly impacted by very low volumes; execution of Transformation Plan well on track; strong cash generation...

CGG GeoSoftware has launched PowerLog 9.5, the new version of its flagship well log petrophysical analysis software. PowerLog is designed for efficient multi-user environments and drives collaboration among petrophysicists, geophysicists, geologists and reservoir engineers for better reservoir understanding.

CGG announced today that it has entered into a binding agreement with NEOS for the sale of the Multi-Physics Business Line encompassing gravity, magnetic, electromagnetic and radiometric surveys with advanced range of airborne fixed-wing and helicopter systems and the General Geophysics Italy business specializing in high-end land EM processing and imaging.

CGG GeoSoftware has released VelPro™ 9.5, an industry-leading velocity modeling and depth conversion commercial software technology used by interpreters and velocity modeling experts to seamlessly integrate seismic and well velocity information, horizons, faults, and well tops into robust and data-driven velocity models.

CGG announced today that its Document de Référence and report on Form 20-F for 2015 were filed with the Autorité des Marchés Financiers (AMF) and the SEC on April 15, 2016 respectively.

CGG GeoConsulting announced that its NPA Satellite Mapping group has been awarded a contract to lead the ‘Live Land’ demonstration project, sponsored by the European Space Agency (ESA) within the “Integrated Applications Program (IAP)”.

CGG GeoSoftware has launched a new version of InsightEarth®, its software suite which accelerates 3D visualization and interpretation. High-impact improvements in structural and stratigraphic interpretation capabilities enable oil and gas company interpretation teams to deliver more accurate interpretations with fewer people in less time. They can now generate powerful outcomes quickly with much faster workflows to re-work legacy datasets for missed opportunities.

CGG congratulates ARGAS, its geophysical services joint venture with TAQA in the Middle East, on its 50th anniversary. Since its creation in January 1966, ARGAS has consistently delivered geophysical innovation and superior technical performance, expanding its business scope from the Kingdom of Saudi Arabia to the whole Arabian Peninsula and Egypt.

In a very difficult market environment, CGG has delivered a satisfactory level of EBITDAs in the fourth quarter of 2015, due to the strong performance of its multi-client library and the resilience of its Equipment segment...