Profile: CGG SA (CGG)
23 May 2017
CGG SA (CGG), incorporated on March 30, 1984, is a manufacturer of geophysical equipment. The Company is a provider of marine, land and airborne data acquisition services. The Company is a provider of a range of other geoscience services, including data imaging, seismic data characterization, geoscience and petroleum engineering consulting services, and collecting, developing and licensing geological data. The Company's clients include independent, international and national oil companies. The Company's business lines include Equipment, Marine Acquisition, Land Acquisition, Multi-Physics, Multi-Client and New Ventures, Subsurface Imaging, GeoSoftware and GeoConsulting. The Company operates through four segments: Contractual Data Acquisition; Geology, Geophysics & Reservoir (GGR); Equipment, and Non-Operated Resources. The Contractual Data Acquisition includes marine, and land and multi-physics. The GGR segment includes the Multi-client business line (development and management of seismic surveys that it undertakes and licenses to a range of clients on a non-exclusive basis) and the Subsurface Imaging and Reservoir business lines (processing and imaging of geophysical data, reservoir characterization, geophysical consulting and software services, geological data library and data management solutions). The Equipment segment consists of its manufacturing and sales activities for seismic equipment used for data acquisition, both on land and marine. The Non-Operated Resources segment consists of the costs of the non-operated marine resources, as well as all the costs of its Transformation Plan.
The Company's Contractual Data Acquisition activity includes its geophysical acquisition services offering, including land, marine, airborne and seabed. The Company provides a range of marine seismic two dimension (2D) and three dimension (3D) services, focusing on the Gulf of Mexico, the North Sea, West Africa and Brazil, as well as the Asia Pacific region. The Company also delivers marine seismic contract data acquisition in frontier areas. The Company operates a fleet of over eight 3D high capacity vessels, a source vessels and a 3D/2D vessel of lower capacity. Its Oceanic Sirius, Oceanic Vega, Geo Caspian, Oceanic Endeavour, CGG Alize, Oceanic Champion, Viking Vision and Geo Celtic, can deploy approximately 10 streamers simultaneously. Its 3D high capacity vessels include Sentinel solid streamers, which provide acquiring surveys in tougher sea conditions, managing the frequency content and signal-to-noise ratio of the recorded data. The Company's vessels deploy BroadSeis, which is its broadband marine solution.
The Company's Land Data Acquisition business line is principally focused on the acquisition and onsite processing of seismic data acquired on land areas. The Multi-Physics business line acquisition is principally focused on the acquisition, processing and interpretation of airborne geophysical data on land or offshore, across the world, and on providing marine gravity and magnetic acquisition services onboard seismic vessels or independently, as well as the processing and interpretation of such data. Its activities are conducted out of operational centers located in Canada, Brazil, South Africa and Australia. Airborne activity includes the collection, processing and interpretation of data related to the earth's surface and the soils and rocks beneath, and provides advice based on the results to clients in the mineral, oil and gas, governmental, engineering and environmental management sectors. It acquires electromagnetic, magnetic, radiometric and gravity data using fixed-wing airplanes and helicopter platforms. The Company also provides in-house acquisition and data processing of marine gravity and bathymetry in conjunction with seismic surveys or on a stand-alone basis. It also offers advanced geophysical data processing, interpretation and consulting services in order to provide integrated services for its natural resource sector clients.
The Company's GGR segment engages in the activities assisting its clients in identifying their exploration targets and characterizing their reservoirs. The Company is engaged in developing and licensing multi-client seismic surveys; processing seismic data; selling seismic data processing and reservoir characterization software (under the geovation, Hampson-Russell, Jason, Insight Earth and Velpro brands); providing geoscience and petroleum engineering consulting services; collecting, developing and licensing geological data, and providing data management services and software to its clients. The Data Management Services (DMS) is a global business providing individual and integrated services in all areas of data asset management and data transformation to clients in or associated with the petroleum business, such as agencies maintaining government petroleum data repositories. The Multi-Client and New Ventures (MCNV) business line utilizes the resources of its other business lines, as well as those of sub-contractors to acquire and process seismic data for itself and license that data to its clients. Subsurface Imaging and Reservoir (SIR) conducts its seismic imaging operations out of over seven international centers located in Houston (the United States), Crawley (England), Massy (France), Singapore, Rio (Brazil), Oslo (Norway) and Calgary (Canada) and from over 20 regional and local centers. SIR also sells seismic data processing software, under the geovation brand and sells software for reservoir characterization, interpretation and modeling under the Hampson-Russell, Jason, Insight Earth and Velpro brands.
The Company conducts its equipment development and production operations through Sercel S.A. (Sercel) and its subsidiaries. Sercel is engaged in the development and production of seismic equipment in the land and marine seismic markets. Sercel sells its equipment and offers customer support services, including training across the world. It relates to a range of geophysical equipment for seismic data acquisition, including seismic recording equipment, software and seismic sources either for land (vibrators) or for marine (air guns). Sercel also supplies its clients with integrated solutions. The Company's product, 428XL, is approximately 400 product series. Its products also include 508XT. Sercel also offers vibroseismic vehicles used as seismic source in land and for vibrator electronic systems VE 464.
The Company competes with PGS, WesternGeco, Polarcus, BGP, Sinopec, Geokinetics, WesternGeco, Global Geophysical Services, Fairfield, TGS, Geospace Technologies Corporation and Ion Geophysical Inc.
Tour Maine Montparnasse
33 avenue du Maine, Bp 191