CGG: Sercel Awarded Major Seismic Equipment Contract in North Africa

Rhea-AI Summary

CGG has awarded Sercel a significant contract to provide land seismic equipment for a 3D mega-crew survey in North Africa. This contract includes a 508^XT acquisition system featuring 100,000 QuietSeis® digital sensors and a fleet of twenty Nomad 90 Neo broadband vibrator trucks, with equipment delivery expected in Q4 2021. The deal underscores the industry's growing appreciation for low-noise and high-accuracy sensor technology, positioning Sercel as a leader in broadband seismic solutions.

Positive

• Awarding of a major contract signifies strong demand for Sercel's seismic solutions.
• Inclusion of 100,000 QuietSeis® digital sensors emphasizes technological advancement in the industry.
• Delivery of high-quality seismic equipment expected in Q4 2021.

Negative

• None.

Sercel Awarded Major Seismic Equipment Contract

 in North Africa

PARIS, France – September 28, 2021

CGG announced today the award to Sercel of a major contract to supply land seismic equipment for a 3D mega-crew survey in North Africa. It includes a 508^XT acquisition system with 100,000 QuietSeis® digital sensors and a fleet of twenty Nomad 90 Neo broadband vibrator trucks. The equipment is expected to be delivered in Q4 2021.

The addition of these 100,000 digital sensors confirms the increasing industry enthusiasm for low-noise and high-accuracy sensor technology. QuietSeis leads this field and is the only sensor fully capable of meeting the industry’s expectations for true broadband seismic. Sercel’s comprehensive and diversified product portfolio meets all survey requirements today, providing the best fit for our customer’s needs.

Emmanuelle Dubu, Sercel CEO, said: “We are grateful to all our customers who have placed their trust in our state-of-the-art solutions, and we are proud to accompany them in what is truly a paradigm shift in generating, recording and managing the data required for precision imaging. This is perfectly illustrated by this new award: the combination of the QuietSeis digital MEMS sensor and the Nomad 90 Neo vibrator source is the winning combination for 21^st century broadband seismic.”

About CGG

CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

Contacts

Group Communications & Investor Relations Christophe Barnini Tel: + 33 1 64 47 38 11 E-Mail: christophe.barnini@cgg.com

Attachment

• CGG - Press Release pdf version

FAQ

What is the recent contract awarded to Sercel by CGG?

CGG awarded Sercel a contract for land seismic equipment, including a 508XT acquisition system and 100,000 QuietSeis digital sensors.

When is the equipment from Sercel expected to be delivered?

The seismic equipment is expected to be delivered in Q4 2021.

What technology is highlighted in the CGG press release?

The press release emphasizes the use of low-noise, high-accuracy QuietSeis digital sensors in seismic surveys.

How many Nomad 90 Neo vibrator trucks are included in the contract?

The contract includes a fleet of twenty Nomad 90 Neo broadband vibrator trucks.

What are the implications of the contract for CGG investors?

The contract indicates growing demand for Sercel's technology, which may positively impact CGG's market position and investor confidence.