GlobeNewswire Inc | Dec 14, 2020 01:30AM EST

December 14, 2020

Sercel Wins Second Saudi Mega-Crew Equipment Contract

Paris, France December 14, 2020

CGG announced today that Sercel has won a second major contract to supply land seismic equipment to a leading seismic acquisition contractor for a 3D mega-crew survey in Saudi Arabia. It has also won a smaller contract to equip a 2D survey to be conducted by the same contractor. These two new contracts closely follow the recently announced award to Sercel of a similar large-scale contract to equip a separate Saudi 3D mega-crew survey.

The new 3D contract includes a Sercel 508XT seismic acquisition system of over 60,000 channels equipped with strings of SG-10 geophones, and a fleet of over 30 Nomad 65 Neo all-terrain vibrator trucks with a full VE464 advanced vibrator electronics package. The equipment will be deployed from March onwards on the desert survey that is scheduled to last three years.

Emmanuelle Dubu, CEO, Sercel, said: The award of this second mega-crew equipment contract in Saudi Arabia significantly strengthens Sercels already well-established position in the Middle East. Our equipment was selected for this contract on the strength of our long-term commercial relationship with the client and the proven reliability of our high-performance seismic equipment for these challenging land surveys acquired by highly productive crews.

About CGG

CGG (www.cgg.com) is a global geoscience technology leader. Employing around 4,000 people worldwide, CGG provides a comprehensive range of data, products, servicesand equipment that supports the discovery and responsible management of the Earths natural resources. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

Contacts

Group Communications & Investor Relations

Christophe BarniniTel: + 33 1 64 47 38 11 E-Mail: christophe.barnini@cgg.com

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