Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  CGG    CGG   FR0013181864

CGG

(CGG)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

CGG : and TGS Announce Greater Castberg Survey in Barents Sea

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/11/2019 | 01:50am EST

CGG and TGS Announce Greater Castberg Survey in Barents Sea

Paris, France – February 11, 2019

CGG and TGS announce the Greater Castberg TopSeis™ survey in the Barents Sea. The survey is 5,000 sq km, and will be acquired and processed with the latest developments of CGG’s TopSeis acquisition and imaging technology.

The survey will include the highly prospective Castberg area, and cover existing and newly awarded licenses in addition to open acreage with several play models in multiple geological layers. The acquisition is expected to commence late Q2 2019 with final delivery to clients in Q4 2020.

The project is supported by industry funding.

Kristian Johansen, CEO, TGS, said: “Greater Castberg will expand the great TGS data coverage in the Barents Sea. The survey sits in the right place of the Barents Sea, and production licenses will start producing from this area in 2022. The area calls for high-technology solutions, and a tailor-made solution for this area is created in close collaboration with the clients and within the JV.”

Sophie Zurquiyah, CEO, CGG, said: “Our unique TopSeis solution combines an innovative source-over-spread acquisition geometry with CGG’s advanced imaging technology. This unique solution enables our clients to delineate shallow-to-intermediate depth targets in the Barents Sea, which are not resolved by conventional methods. The new survey will add to CGG’s library of modern broadband multi-client data in the Barents Sea, an excellent resource for optimizing the discovery and development of hydrocarbons.”



About CGG

CGG (www.cgg.com) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs around 5,200 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).



Contacts

Group Communications & Investor Relations
Christophe Barnini
Tel: + 33 1 64 47 38 11
E-Mail: : invrelparis@cgg.com

 
Investor Relations
Matthieu Lugez
Tel: +33 1 64 47 35 46
E-mail: : invrelparis@cgg.com

 


Attachment

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CGG
02/15CGG : Announces its 4th Quarter 2018 Results on Friday March 8th, 2019
PU
02/15CGG : announces its 4th quarter 2018 results on Friday March 8th, 2019
GL
02/11CGG : and TGS Announce Greater Castberg Survey in Barents Sea
GL
01/21CGG : New CGG Survey Supports Gabon's 12th Offshore Licensing Round
PU
01/21CGG : New Survey Supports Gabon's 12th Offshore Licensing Round
AQ
01/17CGG : Sercel and Apave Enter Strategic Partnership for Structural Health Monitor..
PU
01/17CGG : Sercel and Apave Enter Strategic Partnership for Structural Health Monitor..
AQ
01/15CGG : Continues to Expand Anadarko Basin Library with New SCOOP/STACK Survey
PU
01/15CGG : Continues to Expand Anadarko Basin Library with New SCOOP/STACK Survey
GL
01/09CGG : Provides Q4 2018 Financial Update
PU
More news
Financials ($)
Sales 2018 1 408 M
EBIT 2018 38,5 M
Net income 2018 539 M
Debt 2018 783 M
Yield 2018 -
P/E ratio 2018 2,45
P/E ratio 2019
EV / Sales 2018 1,50x
EV / Sales 2019 1,50x
Capitalization 1 325 M
Chart CGG
Duration : Period :
CGG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CGG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 2,79 $
Spread / Average Target 49%
EPS Revisions
Managers
NameTitle
Sophie Zurquiyah-Rousset Chief Executive Officer & Director
Philippe Salle Chairman
Pascal Rouiller Group Chief Operating Officer & SEVP-Equipment
Yuri Baidoukov Group Chief Financial Officer & Treasurer
Don Pham Head-Research & Technology
Sector and Competitors
1st jan.Capitalization (M$)
CGG42.91%1 325
PETROLEUM GEO-SERVICES ASA63.46%792
MAGSEIS FAIRFIELD ASA35.57%432
SPECTRUM ASA40.27%324
SEABIRD EXPLORATION PLC10.73%48
ELECTROMAGNETIC GEOSERVICES ASA1.15%20