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Press release content from Globe Newswire. The AP news staff was not involved in its creation. CGG: CGG Announces its Q1 2021 Results CGGMay 12, 2021 GMT Positive Net Cash Flow and Successful Refinancing Seasonal Soft Quarter with Solid Equipment Performance 2021 Financial Objectives Confirmed PARIS, France – May 12, 2021 – CGG (ISIN: FR0013181864), a world leader in Geoscience, announced today its first quarter 2021 non-audited results. Commenting on these results, Sophie Zurquiyah, CGG CEO, said: “ With our successful refinancing we delivered the last milestone in our CGG 2021 strate...

$849m as of December 31, 2020 CGG is in a leading position to benefit from progressive market recovery   With continuing acceleration of Covid-19 vaccinations world economies should continue to progressively recover from pandemic in 2021. Recent OPEC+ agreements support the rebalancing of supply and demand and Brent oil price has gradually recovered and stabilized above the $50/bbl threshold. CGG will continue to invest in geoscience technologies that support clients’ prioritization towards reservoir development and production optimization. After a low Q1, our Geoscience activity will star...