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Last €4.36 EUR
Change Today +0.108 / 2.54%
Volume 0.0
GDGA On Other Exchanges
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As of 9:33 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

cgg - spon adr (GDGA) Snapshot

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12/4/14 - €8.59
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cgg - spon adr (GDGA) Details

CGG, a geoscience company, provides geological, geophysical, and reservoir services to the oil and gas exploration and production industry in North America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. The company’s Acquisition segment offers geophysical acquisition services, including land, marine, airborne, and seabed. This segment provides marine seismic 2D and 3D, marine seismic contract data acquisition and multi-client surveys, and marine gravity and bathymetry data processing services. As of December 31, 2014, this segment had a fleet of 13 3D high capacity vessels, 2 source vessels, and 1 3D/2D vessel of lower capacity. This segment is also involved in the acquisition and onsite processing of seismic data acquired on land areas; and the acquisition, processing, and interpretation of airborne geophysical data on land or offshore. Its Geology, Geophysics & Reservoir segment develops and licenses multi-client seismic surveys; processes seismic data; sells seismic data processing and reservoir characterization software under the geovation, Hampson-Russell, Jason, and Insight Earth brands; provides geoscience and petroleum engineering consulting services, and data management services and software; and collects, develops, and licenses geological data. The company’s Equipment develops, produces, and sells seismic equipment in the land and marine seismic markets, as well as offers customer support services, such as training. This segment offers geophysical equipment for seismic data acquisition, including seismic recording equipment, software, and seismic sources for land or marine, as well as supplies integrated solutions to its clients. The company was formerly known as Compagnie Générale de Géophysique — Veritas SA and changed its name to CGG in 2013. CGG was founded in 1931 and is headquartered in Paris, France.

8,540 Employees
Last Reported Date: 04/14/15
Founded in 1931

cgg - spon adr (GDGA) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: €863.1K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: €557.1K
Senior Executive Vice President of Equipment ...
Total Annual Compensation: €546.4K
Compensation as of Fiscal Year 2014.

cgg - spon adr (GDGA) Key Developments

Tanzania Petroleum Development Corporation Awards CGG Airborne Gravity Gradiometer Surveys

CGG announced that it has been awarded a contract by the Tanzanian Petroleum Development Corporation (TPDC) to acquire high-resolution gravity gradiometry and aeromagnetic data over two onshore areas along the South-Eastern Tanzanian Coastal Basin and the eastern arm of the East African Rift. Acquisition over a total area of 30,000 sq km will commence in mid August 2015 and is scheduled to last up to two months. Using the noise Gravity Gradiometry, FALCON, the company will deliver high-resolution data and interpretation to help evaluate the hydrocarbon potential of these basins ahead of future licensing rounds. Tanzania has already established itself as a highly prospective hydrocarbon province in East Africa with a series of significant discoveries offshore and the company is excited to be part of this next phase of TPDC's exploration of the onshore basins. This survey will benefit from the experience gained through the completion of many projects throughout Africa using the most advanced technologies available in the industry.

CGG Reports Operational Results for the Second Quarter of 2015

CGG reported operational results for the second quarter of 2015. The company's vessel availability rate was 74%. This compares to a 84% availability rate in the first quarter of 2015 and a 94% rate in the second quarter of 2014. This vessel availability rate this quarter is the consequence of: 10% high steaming rate to reposition vessels this quarter, from APAC and West Africa to NALA, for large tenders won recently; 13% high fleet standby rate mainly due to delays in permitting in Latin America; and a 3% yard time. The vessel production rate was 94%. This compares to a 92% production rate in the first quarter of 2015 and a 92% rate in the second quarter of 2014. During the second quarter of 2015, the company's vessels were allocated 42% to multi-client programs against 52% for the same period a year ago.

CGG GeoSoftware Announces HRS 10.0, a New Release of Hampson-Russell Seismic Interpretation

CGG GeoSoftware, has announced HRS 10.0, a new release of its Hampson-Russell seismic interpretation and reservoir characterization software suite. The enhanced capabilities of HRS 10.0 reflect a commitment to continually improve reservoir characterization technologies for geoscientists. With these features, users can expand depth-based processes, analyze anisotropy to map fractures, connect rock properties and seismic properties, and increase the resolution of the results through stochastic seismic inversion. HRS 10.0 unveils two completely new products. RockSI is an interactive tool for exploring the link between rock properties and seismic data through petro-elastic models. GeoSI introduces pre- and post-stack stochastic inversion to generate an unlimited number of detailed realizations, allowing uncertainty analysis.


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