Last €7.64 EUR
Change Today -0.091 / -1.18%
Volume 2.8M
As of 11:35 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

cgg (CGG) Snapshot

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08/15/13 - €19.43
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08/1/14 - €7.51
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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 Announces Board Changes

CGG announced that upon a proposal of the Appointments and Remuneration Committee, the Board of Directors, in a meeting held on July 31, 2014, has coopted Jean-Yves Gilet as Member of the Board of Directors of CGG. Jean Yves Gilet will replace Robert Brunck who stepped down from the Board of Directors on June 4, 2014. Jean-Yves Gilet, Directeur Executif de Bpifrance Participations will represent Bpifrance on CGG Board of Directors. He is appointed for the remaining period of office of his predecessor or until the Shareholders' meeting convened to approve the 2015 financial statements.

CGG Reports Production Results for the Second Quarter of 2014

CGG reported production results for the second quarter of 2014. For the quarter, the company reported the vessel availability rate was 94%. This compares to a 93% availability rate in the second quarter of 2013 and a 94% rate in the first quarter of 2014. The vessel production rate 2 was 92%. This compares to a 92% production rate in the second quarter of 2013 and a 93% rate in the first quarter of 2014. 3D vessels were allocated 52% vs 51% in first quarter of 2014 and 21% in second quarter of 2013 to multi-client programs, including 17% of the 3D fleet being assigned as shooting vessels to wide-azimuth multi-clients programs.

CGG Receives Another Order for 508XT Acquisition System

CGG announced that, in addition to the first two 508(XT) systems being delivered to the industry in June month, Sercel has also sold a system to PanAmerican Geophysical for delivery in July. The Sercel 508(XT) is the addition to a long line of innovative Sercel systems. Its ground-breaking X-Tech architecture allows it to combine the benefits of both cable and cable-free systems in a single platform.


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CGG Competitors

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