CGG anticipates 3Q19 revenue above US$350 million

Published by Nicholas Woodroof, Editor
Oilfield Technology, Tuesday, 03 September 2019 14:00

CGG expects its 3Q19 segment revenue to be above US$350 million, based on strong multi-client sales in the range of US$160 million (including transfer fees) and steady demand for geoscience technology and equipment.

Based on these estimates and considering current solid commercial outlook, CGG is raising its full-year 2019 guidance. The company's 2019 segment revenue is expected to increase by more than 10% y/y with segment EBITDAs margin around 50% and segment operating income around US$200 million.

As a result, CGG is expecting to generate positive Net Cash Flow this year, for the first time since 2012.

Read the article online at: https://www.oilfieldtechnology.com/exploration/03092019/cgg-anticipates-3q19-revenue-above-us350-million/

TAQA UK achieves decommissioning milestone as Eider Alpha topside is removed in North Sea

Wednesday 22 October 2025 09:46

TAQA UK’s Eider Alpha topside has been successfully removed, marking the first of its Northern North Sea platforms to be lifted and dismantled.

You might also like