Offshore staff
MASSY, France – CGG has issued an update on its operations in light of current global developments.
The company said the majority of its employees are telecommuting and are productive, with geoscience projects being delivered on time and all data centers are operational.
Multi-client programs offshore Brazil, the UK, Australia, and in the US continue.
CGG did shut down equipment manufacturing plants in France and the US on March 19, but its plant in China has resumed normal production after closing for two weeks in January.
Given the current uncertainties, the company has warned the financial objectives it communicated on March 6, which were based on a $55-65/bbl Brent oil price, are no longer effective.
The company is currently reassessing its financial targets for 2020 and 2021.
04/08/2020
