CGG : CGG GeoSoftware Releases Major New Technology -Innovation across full portfolio reduces E&P risks

CGG GeoSoftware Releases Major New Technology

Innovation across full portfolio reduces E&P risks

PARIS, June 1, 2015 (GLOBE NEWSWIRE) --

CGG announced today that its GeoSoftware Business Line is launching major releases across its full product portfolio. Focused on technology innovation, workflow integration and ease of use across all application suites, Jason 9.0, Hampson-Russell HRS 10.0 and Insight Earth 3.0 enable oil and gas companies to better understand and characterize the Earth's subsurface.

Now, more than ever, geoscience software users are required to resolve increasingly complex E&P challenges with fewer resources and progressively more involved applications and workflows. The new capabilities from GeoSoftware provide high-end, integrated and easy-to-use technologies that effectively address these challenges and deliver new insights that reduce the risks associated with exploration and production.

From dip-guided auto tracking, anisotropic inversion, stochastic inversion and rock physics to pore pressure, Nuclear Magnetic Resonance (NMR) and formation testing analysis, the new technologies from GeoSoftware rapidly deliver answers for conventional and unconventional reservoirs. Integration with third-party industry software platforms and across high-end GeoSoftware workflows enables users to better characterize prospects and understand reservoir properties and how they evolve over the life of the field.

Sophie Zurquiyah, Senior Executive Vice President, Geology, Geophysics & Reservoir, CGG, said: "We continue to focus on meeting our clients' needs with user-friendly sophisticated technologies that seamlessly plug in to their preferred workflows. These coordinated software releases are a significant milestone for CGG GeoSoftware with HRS 10.0, Jason 9.0 and Insight Earth 3.0 substantially advancing our clients' ability to accurately characterize the subsurface and extract the greatest value from existing software environments and investments. Together with our GeoConsulting expertise and Subsurface Imaging excellence, the new releases from GeoSoftware continue to advance CGG as the leading provider of integrated geoscience solutions that reduce the risks and costs associated with exploration, development and production."

About CGG

CGG ( ) 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 business divisions of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation.
CGG employs over 8,500 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: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).


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Source: CGG