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4-Traders Homepage  >  Equities  >  Euronext Paris  >  CGG    CGG   FR0013181864

CGG (CGG)

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21.53 EUR   -3.93%
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CGG VERITAS : 20,000 Sercel UNITE Cable-Free Channels Deployed on US Survey

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05/08/2012 | 05:37pm CEST

Sercel, 7 May 2012

CGGVeritas has increased its cable-free acquisition capacity to 20,000 Sercel UNITE channels on a large, 1,500-square-mile multi-client 3D land seismic survey it is currently acquiring in Pennsylvania, USA.

Whereas most land seismic data acquisition systems require a physical connection to retrieve data, UNITE integrates a licence-free wireless connection so that data can be harvested remotely up to 1000m from the receivers. By deploying UNITE, CGGVeritas can use helicopters and pickup trucks on the extremely rugged survey terrain to retrieve the data at any time as well as benefit from considerable flexibility around numerous potential land permitting issues.

A wireless network has also been set up on a strategic selection of the UNITE channels so that their data are transmitted in real time to the central recorder to ensure a continuous quality control of the survey and avoid shooting blind.

Mark Amelang, VP, Marketing & Customer Relations, Land, CGGVeritas, said: "Real-time QC is critical because it lets you know that everything is working properly, eliminating the unnecessary risk of shooting blind and ultimately saving time and effort, especially when shooting over 1,500-square-miles. This is a huge advantage compared to other systems on the market."

Pascal Rouiller, CEO, Sercel, said: "The decision by CGGVeritas to increase to 20,000 UNITE channels on its Pennsylvania multi-client survey further confirms Sercel's success in addressing the cable-free market. UNITE's unique high-speed, long-range wireless capability improves quality control by providing wireless harvesting and real-time data transfer."

About Sercel

Sercel is the world's leading designer and manufacturer of innovative seismic equipment and reservoir monitoring instruments. Sercel provides oil field service companies and geophysical contractors the widest range of leading-edge technologies for exploration in land, marine, ocean bottom, transition zone and reservoir environments. Employing more than 2000 people worldwide, main Sercel sales offices are located in Houston (USA) and Nantes (France).www.sercel.com.

Contacts:

Sercel Media Relations: Europe
Benedicte Sebillot
Tel: + 33 2 40 30 11 81
E-Mail: Benedicte.Sebillot@sercel.com

Sercel Media Relations: Americas
Kelly Jones
Tel: + 1 281 647 7116
E-Mail: Kelly.Jones@sercel.com

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Financials ($)
Sales 2016 1 607 M
EBIT 2016 -63,2 M
Net income 2016 -291 M
Debt 2016 2 344 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 1,79x
EV / Sales 2017 1,74x
Capitalization 525 M
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Average target price 34,5 $
Spread / Average Target 46%
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Jean-Georges Malcor Chief Executive Officer & Director
Rémi Dorval Chairman
Pascal Rouiller Group COO, Senior Executive VP-Equipment
Stéphane-Paul Frydman Chief Financial Officer & Senior Executive VP
Thierry Brizard Chief Technology Officer & Executive VP-Technology
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