Last €5.26 EUR
Change Today -0.237 / -4.31%
Volume 1.6M
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As of 7:32 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

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52 Week High
11/6/13 - €17.28
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10/23/14 - €5.22
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cgg (CGG) Details

CGG, a geoscience company, provides geological, geophysical, and reservoir services to customers in the oil and gas exploration and production industry, as well as manufactures and sells geophysical equipment in North America, Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. It operates in three segments: Acquisition; Geology, Geophysics & Reservoir; and Equipment. The Acquisition segment offers geophysical acquisition services, including land, marine, airborne, and seabed. This segment provides marine seismic 2D and 3D services; and delivers marine seismic contract data acquisition in ‘frontier’ areas, as well as provides marine seismic contract data acquisition and multi-client surveys. As of December 31, 2013, it had a fleet of 21 seismic vessels. This segment is also involved in the acquisition and onsite processing of seismic data acquired on land areas; and acquisition, processing, and interpretation of airborne geophysical data on land or offshore. The Geology, Geophysics & Reservoir segment develops and licenses multi-client seismic surveys; processing seismic data; sells seismic data processing and reservoir characterization software under the geovation, Hampson-Russell and Jason brands; provides geoscience and petroleum engineering consulting services; collects, develops, and licenses geological data; and providing data management services and software to its clients. The Equipment segment develops and produces seismic equipment in the land and marine seismic markets. This segment offers a range of geophysical equipment for seismic data acquisition, including seismic recording equipment, software, and seismic sources either for land (vibrators) or marine (air guns), as well as supplies its clients with integrated solutions. The company was formerly known as CCompagnie Générale de Géophysique Veritas, S.A. and changed its name to CGG in 2013. CGG was founded in 1931 and is headquartered in Paris, France.

9,688 Employees
Last Reported Date: 04/10/14
Founded in 1931

cgg (CGG) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: €887.0K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: €558.9K
Senior Executive Vice President of Equipment ...
Total Annual Compensation: €578.4K
Compensation as of Fiscal Year 2013.

cgg (CGG) Key Developments

CGG to Exchange Aggregate Principal Amount of Up to $500,000,000 of it's 6.875% Senior Notes Due 2022

CGG will exchange an aggregate principal amount of up to $500,000,000 of it's 6.875% Senior Notes due 2022, which have been registered under the United States Securities Act of 1933 (the securities act), for an identical principal amount of it's unregistered notes issued on May 1, 2014 (the old notes). The exchange period began on September 23, 2014.

OAO Sovcomflot and CGG to Create Joint Venture

OAO Sovcomflot and CGG SA had agreed to create a 51/49 joint venture to provide 3D marine seismic acquisition services mainly in the Arctic and sub-Arctic waters.

CGG Receives Contracts for 3D Seismic Acquisition

CGG announced that it has been awarded contracts for the 3D seismic acquisition of four major surveys using its BroadSeis with BroadSource, marine broadband technology. The four surveys represent a total contract value of over USD 80 million. Three of the surveys have been awarded in the Asia-Pacific region, with two offshore Malaysia and one offshore NW Australia, while the fourth is to be acquired offshore West Africa.


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CGG Competitors

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