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CGG

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CGG - Energy & Power showcase

Year Founded & Workforce

1931

5,300 Employees

Industry

Energy & Power

Services

RESERVOIR ENGINEERING
C

CGG Employee Contacts

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CGG Overview

Company Headquarters: Paris, France

Founded: 1931

Workforce: ~5,300

Company Working: CGG offers geophysical products and services for oil and gas exploration and production. It operates through two business segments, which are Equipment and Geology, Geophysics, and Reservoir (GGR). It offers reservoir analysis services under the GRR segment, which also operates to offer services, such as subsurface imaging, geoscience consulting services, geo software, seismic surveys, geological data, and smart data solutions. Moreover, the company offers equipment for seismic acquisition systems, sensors to geophysical contractors and oilfield companies in onshore, offshore, and downhole activities.

CGG has its locations in several countries across the world, including the US, the UK, Mexico, Canada, Brazil, South Africa, the UAE, Egypt, India, Australia, China, Malaysia, Thailand, Russia, Norway, France, the Netherlands, and Germany. Additionally, the company has more than 29 subsurface imaging centers. Geomar SAS (France), CGG Holding BV (the Netherlands), CGG Marine BV (the Netherlands), CGG Services India Private Ltd (India), CGG Holding (U.S.) Inc (US), Sercel SAS (France), CGG Marine Resources Norge AS (Norway), and CGG Canada Services Ltd (Canada) are some of its subsidiaries.

Company Snapshot

$2,100.9M

Revenue

5,300

Employees

1931

Founded

Paris, France

Headquarters

Key Developments

DateApproachDevelopment
Jul-2019Contract and AgreementCGG signed a contract with Abu Dhabi National Oil Company (UAE) to perform depth imaging and data mining for ocean-bottom node (OBN) seismic project in Abu Dhabi. It helped expand its business in UAE.
June 2019Contract and AgreementCGG signed a contract with Microsoft (US) to supply geoscience products, data systems, and reservoir characterization software technologies for the exploration and production in oil and gas reserves. This helped the company implement digitalization in the oil & gas industry
June 2019Contract and AgreementCGG signed a contract with Equinor (Norway) to offer seismic data and high-quality time-lapse 4D images for Johan Sverdrup Permanent Reservoir Monitoring (PRM) system in the North Sea for the recovery of hydrocarbon. It helped offer PRM system projects to oil & gas companies worldwide.
April 2019New Product DevelopmentCGG introduced two new products, namely, Sercel Structural Monitoring and Sercel Earth Monitoring for better data quality in structural health and earth monitoring systems. It helped expand its technology for the exploration of natural reserves.
January 2019ExpansionCGG extended Gabon multi-client data footprint with 2D seismic survey for the exploration of new reserves in South Basin. It helped provide better data images with integrated geoscience system
March 2019New Product DevelopmentCGG introduced SigmaWave to provide integrated distributed acoustic solution for borehole seismic applicatuons. It helped expand its downhole seismic equipment portfolio.
September 2018Contract and AgreementCGG signed an agreement with Petronas (Malaysia) to develop a Centre for Advanced Imaging center for providing enhanced reservoir images. It helped in expanding its market in Malaysia
November 2017Contract and AgreementCGG signed a contract with Fotech Solutions (UK) to develop borehole seismic and distributed acoustic sensing (DAS) monitoring technology. It helped CGG increase its market share in Europe
April 2017New product DevelopmentCGG introduced Sentinel HR to develop high-resolution 3D seismic surveys for detailed mapping of geological surveys. It helped develop new technologies for better geological seismic surveys
May 2017Contract and AgreementCGG signed a contract with Oil & Gas Authority (UK) to supply digital well products for the exploration of under explored oil and gas reserves areas of the UK Continental Shelf. It helped in expanding its business in Europe
November 2016New product DevelopmentCGG introduced a new software HampsonRussell 10.2 to increase the accuracy by getting enhanced data and map prediction features of reservoirs. It helped the company develop technologies faced by challenges in exploration and production of oil and gas reserves
May 2016New product DevelopmentCGG launched Jason 9.5 software to get depth inversion and better reservoir characterization related to drilling activities. It helped the company develop software to overcome the challenges faced by oil & gas companies in drilling activities
May 2016New product DevelopmentCGG introduced EarthModel FT 9.5 software to get well and seismic data for getting the better insight about the reservoirs properties such as porosity, permeability, and lithofacies. It helped the company offer 3D images of the reservoir to reduce cost and time in exploration activities
May 2016New product DevelopmentCGG introduced Powerlog 9.5 petrophysical software for getting better insights and data about subsurface rock and fluid properties. It helped the company offer software in order to meet the industry requirements.
March 2016New product DevelopmentCGG introduced new software HRS 10.1 to improve the reservoir characterization technology by reducing risks and costs associated with exploration & production in oil & gas industry. It helped the company offer integrated software and exploration activities
February 2016Contract and AgreementCGG signed a contract with Comisión Nacional de Hidrocarburos (Mexico) to conduct airborne gravity and magnetic survey in Mexico. It helped the company explore new oil and gas reserves in Mexico offshore fields.

Product Offering

  • CGG
    • RESERVOIR ENGINEERING

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: 2015 was USD 2,100.9 Mn in 2018.
CGG — By Business Segment
Series (USD Mn)2018
20152,100.9
20161,195.5
20171,320
20181,193.5

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