Newsroom

CGG GeoConsulting and the Petroleum Corporation of Jamaica (PCJ) have announced the discovery of two independent live oil seeps from different parts of the island of Jamaica. This significant find marks the first documented occurrence of ‘live’, or flowing, oil from onshore Jamaica and will be of particular interest to oil explorationists focused on Central America and the Caribbean.

CGG GeoSoftware has announced new releases across its entire geoscience portfolio. Its complementary HampsonRussell, Jason, PowerLog, InsightEarth, VelPro, and EarthModel FT solutions are the industry’s preferred set of tools and support for multi-disciplinary teamwork at every stage from exploration and development to life-of-field production management.

CGG announces today its Senior Notes will be delisted from the official list of the Luxembourg Stock Exchange and withdrawn from trading on the Euro MTF market of the Luxembourg Stock Exchange.

CGG's Multi-Physics Marine group achieved a production rate of 99.7% in 2017, including acquisition of gravity and magnetic (GravMag) data totaling nearly 24,000 sail line kilometers during one of the world’s largest proprietary 3D marine seismic surveys.

CGG, its technology partner, and Ardiseis, subsidiary of the Arabian Geophysical and Surveying Company (ARGAS), the Middle East’s seismic acquisition specialist, have announced the successful completion of their highest-density broadband seismic survey ever acquired onshore or offshore.

CGG has completed acquisition of its Yukon 3D multi-client survey in Canadian County, Oklahoma. The 219-square-mile full-azimuth data set is designed to image the Stack play of the Anadarko Basin west of Oklahoma City.

The safeguard plan approved by the Commercial Court of Paris on December 1, 2017 provides that the claims of Convertible Bondholders registered (inscription en compte) on the last day of subscription period of the share capital increase with preferential subscription rights (the “Reference Date”).

CGG announced today that it has an agreement with Société Nationale des Hydrocarbures (SNH), the National Oil and Gas Company of Cameroon, to promote enhanced multi-client E&P data packages and interpretative products, in support of Cameroon’s 2018 Onshore & Offshore Licensing Round opened and conducted by SNH for eight free blocks on offer, located in sedimentary basins offshore and onshore Cameroon.

CGG (the “Company”) announces today the terms of its share capital increase with preferential subscription rights (the “Rights”) for an amount of approximately €112.2 million (including share premium) (the “Rights Issue”), by way of an issuance of shares of the Company (the “New Shares”) each with one warrant attached (the “Warrants #2” and together with the New Shares, the “ABSAs”).