|Headquarters||Tour Montparnasse, Paris, France|
|Remi Dorval (Chairman), Jean-Georges Malcor (CEO)|
|Revenue||$2.101 billion (2015)|
|$19 million (2015)|
|Profit||($269 million) (2015)|
|Total assets||$5.513 billion (end 2015)|
|Total equity||$1.312 billion (end 2015)|
Number of employees
|7,000 (end 2015)|
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CGG provides geological, geophysical and reservoir capabilities to customers primarily from the global oil and gas industry. It has three complementary businesses: Equipment, Acquisition, and Geology, Geophysics & Reservoir (GGR).
In March 1931, SPE and Société Géophysique de Recherches Minières (SGRM), both specialists in seismology and magnetometry, merged into La Compagnie Générale de Géophysique. SGRM provided 5,000,000 francs of capital and CGG capital of 120,000 francs. In his premises at 30 rue Fabert, in Paris, Conrad Schlumberger decided to transfer the subsurface business to CGG while SPE retained the logging. At the same time, Raymond Maillet from SGRM was appointed President of CGG.
The first two years of business for CGG were shaky. Near-surface surveys (hydrology, mining and civil engineering) and oil exploration were not enough to break even in a period when oil was worth 10 cents a barrel. In 1966, CGG opened its first seismic data processing center in Massy, France.
Meanwhile, Digital Consultants Inc. had been established in Houston, Texas in 1965 with a vision to apply digital computing to the geophysical industry. In 1969, Digital Consultants reincorporated as Digicon Inc. (DGC), becoming a public company on the American Stock Exchange.
In 1996, Veritas DGC was formed from the merger of Veritas and Digicon.
CGG’s Equipment business, Sercel, offers systems, sensors and sources for seismic acquisition and downhole monitoring. Oilfield service companies and geophysical contractors use the equipment for monitoring subsurface characteristics on onshore, offshore, downhole and seabed activities.
CGG has the full range of data acquisition capabilities to conduct all types of geophysical surveys, large or small, onshore, offshore and in the air. We[who?] are unique in being able to provide seamless coverage with a wide portfolio of seismic and geophysical methods in any environment.
Geology, Geophysics & Reservoir (GGR)
The Geology, Geophysics & Reservoir Division provides seismic and geophysical services for characterizing the subsurface, and monitoring hydrocarbon reservoirs. Services include Land and Marine Seismic Acquisition, Geophysical Processing and Imaging, and Reservoir Characterization.