Comp Gen Geophys (NYSE:GGY)
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CGG Launches EYE-D, its Offering of High-End Seismic Services
PARIS, June 8 /PRNewswire-FirstCall/ -- At the EAGE convention being held in
Paris this year, Compagnie Generale de Geophysique (ISIN: FR0000120164;
NYSE:GGY) announced the launch of EYE-D, its new offering of seismic solutions
designed to better visualize (EYE) and understand all the dimensions (D) of
hydrocarbon reservoirs in order to deliver the very best seismic data quality
to oil companies.
The EYE-D offering brings together CGG's suite of enhanced seismic solutions
for application throughout the life of the reservoir. EYE-D is a combination of
tools and methodologies offered by CGG's commercial teams in land, marine,
seabed acquisition & in processing-reservoir. Each seismic project is unique,
requiring a tailored response to overcome the geophysical and geological
challenges and meet the specific requirements of each client. CGG has recently
developed expertise in high-resolution, 4D and seabed seismic that clearly
differentiates its high-end seismic technology from that of the competition.
According to Christophe Pettenati-Auzière, Senior Executive Vice President,
Services: "The industry is pushing us for better reservoir images and
characterization to guide critical decisions on field development and
production. Yet each reservoir is to a large extent unique and seismic
contractors can no longer rely exclusively on a standard approach. We are
launching EYE-D as a label to spearhead CGG's technology. EYE-D is the
culmination of the experience and expertise we have gained in this business
over the last seventy years and gives us the flexibility to engineer
individually each project."
The information included herein contains certain forward-looking statements
within the meaning of Section 27A of the securities act of 1933 and section 21E
of the Securities Exchange Act of 1934. These forward-looking statements
reflect numerous assumptions and involve a number of risks and uncertainties as
disclosed by the Company from time to time in its filings with the Securities
and Exchange Commission. Actual results may vary materially.
The Compagnie Generale de Geophysique group is a global participant in the
oilfield services industry, providing a wide range of seismic data acquisition,
processing and geoscience services and software to clients in the oil and gas
exploration and production business. It is also a global manufacturer of
geophysical equipment.
DATASOURCE: Compagnie Generale de Geophysique (CGG)
CONTACT: For further information, please contact: Christophe BARNINI:
+33-1-64-47-38-10 () Patrice
CANAL:+33-1-64-47-35-91 ()