CGG Wins Renewal of
Dedicated Center Contract for
PTT Exploration & Production Public Company Limited (PTTEP) in Thailand
Paris, France - June 20, 2017
CGG announced today that PTT Exploration & Production Public Company Limited (PTTEP) has renewed its contract for the dedicated processing center (DPC) CGG has been operating in Bangkok on its behalf since November 2013. The new contract will run for a further three years, from 1 March 2017 to 28 February 2020.
The DPC is a key component in PTTEP's strategy to invest in new technology to be more precise in petroleum exploration and more efficient in production. CGG will continue to support PTTEP by delivering high-quality processing services, including advanced time and depth imaging, for 2D and 3D onshore and offshore seismic data acquired in PTTEP's operating areas worldwide. As part of its longstanding commitment to Thailand's E&P industry, CGG will also provide in-house processing training, technology updates and mentoring support to develop PTTEP's seismic processing experts required for PTTEP's growing business in Thailand and overseas.
Jean-Georges Malcor, CEO, CGG, said: "CGG has been involved in most of the discoveries made in Thailand over the last 50 years. During that time, we have gained very deep in-country operational experience and developed a strong long-term business relationship with PTTEP. We are delighted that they wish to continue benefitting from our advanced subsurface imaging technology, expertise and service excellence in house to help them explore for new discoveries and increase recovery from their petroleum reservoir assets to secure domestic supply and support country growth."
CGG (www.cgg.com) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation.CGG employs around 5,600 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.
CGG is listed on the Euronext Paris SA (ISIN: 0013181864) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE:CGG).