General company of geophysics

The general Company of geophysics or CGG is a French company specialized in the exploration of the basement.

Trades

In 2005, Present in 3 trades, the Seismic marine (n°3 world) and terrestrial (n°2) and the oil equipment (n°1).

  • activity equipment (Sercel)

  • activity Services

History

The company was founded by one of the Frères Schlumberger (Conrad) in 1931. One of its presidents is Leon Migaud. A street bears its name in Massy, city which accommodates the premises of the undertaking today.

In 1995, the CGG (general Company of geophysics) publishes a work on its history: adventurers of the Earth .

In 2005, the group repurchased with institutional investors 95% of the Norwegian group Exploration Resourcess ASA and Multiwaves ASA (specialized in the seismic navy). This repurchase will make it possible the group to double its fleet from 6 to 9 ships and to increase its market share in the seismic marine in 3D from 16% to 24%.

Stock exchange data

  • Principal shareholders:
(2005): Floating 86.8%, French Petroleum Institute 12.0%, self-checking 0.8%, employed 0.4%.

External bonds

  • Official site

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