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CGG : Extends Northern Viking Graben Dual-Azimuth Multi-Client Survey

Paris, France | Mar 9, 2021
CGG announced today phase two of its multi-client 3D survey in the Northern North Sea, which will expand on the phase one acquisition initiated in 2020 to add a second azimuth over CGG s existing Northern Viking Graben (NVG) multi-client 3D survey and extend coverage into the UKCS. The survey is supported by industry pre-funding.
Commencing in early May and continuing throughout the North Sea season, the 2021 phase two acquisition will add approximately 8,000 sq km of new data in an E-W direction. Similar to the 2020 phase one, multi-component technology will be used for the acquisition, and this new data will be processed together with the existing N-S data, using CGG s latest velocity modeling and imaging technology, to produce a dual-azimuth volume. ....

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CGG: Announces its Q4 and Full Year 2020 Results

$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 start recovering during the second half of the year on the back of solid demand for best-in-class subsurface imaging technologies and sustained activity with large NOCs. Our Multi-client business will reduce capex keeping its focus on expanding our unique footprint offshore Brazil and in the North Sea while reprocessing existing data libraries with our latest imaging technologies. ....

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TechnipFMC : Appoints Sophie Zurquiyah to its Board of Directors

Regulatory News:
TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced that Sophie Zurquiyah, Chief Executive Officer of CGG S.A.,
has been appointed to its Board of Directors and Audit Committee, effective April 1, 2021.
Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: “I am delighted to welcome Sophie to the Board. She brings a depth of knowledge to our Board, established over 30 years in our industry. With a background in geophysics, technology, sustainability, and digital transformation, Sophie is a proven global business leader who has experience as an executive and board member with international public companies. Her skillset strengthens our Board of Directors and broadens its understanding and abilities.” ....

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CGG: CGG challenges the new attempt to destabilise and question the safeguard plan closed by ruling of the Paris Commercial Court dated 24 November 2020

CGG challenges the new attempt to destabilise and question the safeguard plan closed by ruling of the Paris Commercial Court dated 24 November 2020 . ....

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