CGG Fund Company Profile

Description

CGG, a geoscience company, provides data imaging, seismic data characterization, geoscience, and petroleum engineering consulting 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 Contractual Data Acquisition segment offers geophysical acquisition services, including land, marine, airborne, and seabed. It provides marine seismic 2D and 3D, and marine seismic contract data acquisition and multi-client surveys services. As of December 31, 2015, this segment had a fleet of eight 3D high capacity vessels, one source vessel, and one 3D/2D vessel of lower capacity. It is also involved in the acquisition and onsite processing of seismic data acquired on land areas; acquisition, processing, and interpretation of airborne geophysical data on land or offshore; collection, processing, and interpretation of data related to the earth’s surface and the soils; and in-house acquisition and data processing of marine gravity and bathymetry. Its Geology, Geophysics & Reservoir segment develops and licenses multi-client seismic surveys; processes seismic data; sells seismic data processing and reservoir characterization software under geovation, Hampson-Russell, Jason, Insight Earth, and Velpro brands; offers geoscience and petroleum engineering consulting services; collects, develops, and licenses geological data; and provides data management services and software. The company’s Equipment segment develops and produces seismic equipment in the land and marine seismic markets, and offers customer support services. This segment offers geophysical equipment for seismic data acquisition, including seismic recording equipment, software, and seismic sources for land or marine. 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.