CGG: Sercel Makes First Major Sale of GPR300 Seabed Nodal Solution

Rhea-AI Summary

CGG announced the first significant sale of its GPR300 seabed nodal solution to BGP Inc.. The deal involves 18,000 nodes for a large-scale operation in the Middle East, scheduled for deployment in Q4 2021. The GPR300 is designed for seismic acquisition in shallow waters, featuring the advanced QuietSeis® sensor for high-fidelity data. BGP Managing Director highlighted Sercel's technology as superior, ensuring enhanced imaging resolution. Emmanuelle Dubu, Sercel CEO, emphasized the competitive edge of the GPR300's broadband digital sensor.

Positive

• First major sale of the GPR300 nodal solution indicates strong market interest.
• Use of 18,000 nodes for a long-term project enhances revenue potential.
• Advanced technology with QuietSeis® sensor offers competitive advantage in seismic imaging.

Negative

• None.

Sercel Makes First Major Sale of GPR300

Seabed Nodal Solution

Paris, France – July 12, 2021

CGG announced today the first major sale by Sercel of its recently launched GPR300 seabed nodal solution to BGP Inc., a worldwide major geophysical service provider. The sale includes 18,000 nodes that will be deployed in Q4 2021 on a large-scale, long-term, multi-vessel operation in the Middle East region.

Designed for seismic acquisition in shallow water environments down to 300 meters, the new-generation GPR300 nodal solution was developed in partnership with BGP. Featuring QuietSeis^®, the most advanced and ultra-sensitive digital MEMS sensor on the market, the GPR300 stands apart from analog-based sensor solutions. Its extremely low-noise performance delivers high-fidelity, high-quality datasets for high-precision subsurface imaging.

Gou Liang, BGP Managing Director, said: “We have chosen to partner with the best seismic equipment manufacturer to acquire this major survey in the Middle East. With Sercel’s QuietSeis MEMS sensor, we can be confident of providing our customer with the best cutting-edge seismic technology available for enhanced imaging resolution.”

Emmanuelle Dubu, Sercel CEO, said: “We are delighted by this first major GPR300 sale to BGP. Once again, our QuietSeis sensor gives us a significant competitive advantage. Sercel is the first and only supplier to offer the market an OBN solution with an integrated broadband digital sensor that delivers both ultra-quiet performance and true broadband data.”

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 significance of CGG's GPR300 sale to BGP Inc.?

The sale is CGG's first major transaction for the GPR300 seabed nodal solution, indicating strong demand and potential market growth.

How many nodes were sold in CGG's GPR300 deal?

CGG sold 18,000 nodes to BGP Inc. for deployment in a large-scale operation in the Middle East.

When will the GPR300 nodes be deployed?

The deployment of the GPR300 nodes is scheduled for Q4 2021.

What is the GPR300 nodal solution designed for?

The GPR300 is designed for seismic acquisition in shallow water environments down to 300 meters.

What technology does the GPR300 utilize?

The GPR300 features the QuietSeis® sensor, known for its ultra-sensitive and low-noise performance.