CGG: Wins Brazil Data Processing Contract for World's Largest Seabed Seismic Survey

CGG Wins Brazil Data Processing Contract for World's Largest Seabed Seismic Survey

Paris, France - July 19, 2017

CGG announced today the award by Petrobras of a contract to process the seismic data from a 3D Ocean Bottom Node (OBN) survey covering a full-fold area of 2180 km² in Brazil's deepwater Santos Basin. This will be the largest node survey ever acquired and processed in the industry. The survey will be acquired by Seabed Geosolutions, CGG's joint venture with Fugro.

The resulting OBN data set will be processed in CGG's long-established Rio de Janeiro Subsurface Imaging Center, which has the largest computer capacity and greatest expertise in the region.

Jean-Georges Malcor, CEO, CGG, said: "CGG is a natural choice for this high-profile OBN processing contract given our in-depth geological knowledge of the Santos Basin and our recognized track record and proven advanced technologies for OBN processing. OBN surveys are one option at present for acquiring full-azimuth data offshore Brazil and we will work closely with Seabed Geosolutions to deliver the best images of the subsurface in the highly prospective Santos Basin."

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 5,600 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) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).

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