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April 8, 2014
05:30 EDTCGGCGG SA acquires large BroadSeis/BroadSource 3D multi-client survey in Norway
CGG announced that it has started acquiring a large BroadSeis/BroadSource 3D multi-client survey in the Northern North Sea offshore Norway. The Horda survey will be the largest broadband multi-client program CGG has acquired in NW Europe as well as the largest multi-client 3D survey ever shot by any company in Norway. The survey is being acquired by the Viking Vanquish, and a second vessel will join later in the season. The acquisition program will continue in 2015. Following several recent discoveries the greater Horda area has become an area of high exploration activity. The survey program's main objective is to provide a large, uniform dataset with increased seismic resolution which will offer a platform to improve industry understanding of the regional geology. The survey has received high prefunding from the industry. Early participants have had the option to recommend priority areas and will also be invited to monitor the data processing which will be conducted in CGG's Oslo subsurface imaging center.
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July 8, 2014
05:40 EDTCGGCGG SA reports Q2 vessel availability rate of 94% vs. 93% last year
CGG SA reports vessel production rate of 92% vs. 92% last year. During Q2, the company's 3D vessels were allocated 52%, vs. 51% in Q1 and 21% in 2Q13, to multi-client programs, including 17% of the 3D fleet being assigned as shooting vessels to the company's wide-azimuth multi-client programs.

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