DOCSLIB.ORG

Event Programme

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Event Programme Seismic Multiples – The Challenges and the Way Forward 3–5 December 2019 | Kuwait EVENT PROGRAMME Platinum Sponsor Gold Sponsors Silver Luncheon Coffee Break Sponsor Sponsor Sponsor seg.org/events/Seismic-Multiples-2019 TECHNICAL COMMITTEE CO-CHAIRS TECHNICAL COMMITTEE MEMBERS COMMITTEE CHAIRMAN: Adel El-Emam, Kuwait Oil Company (KOC) Frederico Xavier de Melo, WesternGeco/Schlumberger Adel El-Emam is a Consultant Geophysicist with Kuwait Oil Company, Exploration Group. He holds a BSc in Frederico Xavier de Melo is a Product Champion – Seismic Multiple Processing for WesternGeco/Schlumberger, Geology (1975) from Cairo University (Egypt) and a MSc in Geophysics “Attenuation of Seismic Waves” (1983) and holds an Eng and MSc degrees in Electrical Engineering from the University of Brasília (Brazil). He initially from the University of Pittsburgh (USA). Adel has over 40 years of experience with local and international oil worked as Electronic Engineer for the Seismological Observatory in Brasília, maintaining and developing applications companies. He joined KOC in 1995 and is currently responsible for seismic data acquisition and processing. for global and deep seismology studies. After obtaining his MSc degree, he joined WesternGeco/Schlumberger He previously held the position of Data Processing Manager with GPC in Cairo (Egypt). Adel presented and as a Data Processing Seismic Engineer in Kuwait, followed by a Testing Geophysicist role in Houston, before published more than 40 papers at local and international conferences. He was awarded “Best Poster Presented his current position. He has worldwide experience in multiple geological challenges and environments. His main at SEG 2005 Annual Meeting.” He is an active member of SEG, EAGE and SPE. Adel is a technical reviewer for interests are signal and multiple processing, pattern recognition, stochastic filtering and optimization. SEG and EAGE and has been the president of the SEG DISC since 2017. Guillaume Cambois, ADNOC COMMITTEE CO-CHAIRMAN: Said Al-Abri, Petroleum Development Oman (PDO) Guillaume Cambois graduated from École Polytechnique de Paris (France) and received a PhD in Geophysics Said Al-Abri has been a Processing Geophysicist at Petroleum Development Oman since 2010. He worked from the University of Texas at Austin (USA). He started his career with CGG, holding various positions in as Operation Geophysicist for 7 years. He obtained a BSc in 2002 and a MSc in Physics of the Earth and R&D and data processing, eventually reaching the position of Chief Technology Officer and Executive Vice Atmosphere from Leeds University (UK) in 2003. He worked on Full Waveform Inversion, velocity model President Data Processing. He joined PGS in 2007, initially spearheading GeoStreamer technology deployment building and 3DVSP processing. and eventually becoming PGS Executive Vice President for Imaging and Engineering. He is currently Principal Geophysicist with ADNOC. He was SEG Vice President as part of the 2007-2008 Executive Committee and served as SEG Director at Large from 2013 to 2016. Halis Bayri, Kuwait Oil Company (KOC) Halis Bayri is a Senior Consultant Geophysicist at Kuwait Oil Company (KOC), supervising in-house seismic data processing as well as a number of outsourced projects. He received a PhD in Electrical and Electronics Engineering from the State University of New York at Stony Brook (USA) in 1987. Following his graduation, he joined the Department of Electrical and Electronics Engineering at Hacettepe University in Ankara (Turkey) as an Assistant Professor. In 1991, he joined the Oil industry with Western Geophysical. He has over 28 years of experience in Seismic Data Processing. His main interests are in signal processing and multiple attenuation. Khaled Dulaijan, Saudi Aramco Khaled Dulaijan is an experienced geophysicist with a demonstrated history of working in Saudi Aramco for more than 15 years. He has a BSc from the University of Tulsa (USA), MSc and PhD from the University of Calgary (Canada). Currently, he is the 3D near-surface team leader. He is interested and has published in seismic anisotropy, borehole seismic, near surface, seismic imaging and velocity model building. He has participated in international conferences and workshops in technical committees and co-chairing sessions. Muneera Al-Awadhi, Kuwait Oil Company (KOC) Muneera Al-Awadhi graduated from Kuwait University with a BSc in geology in 2011. She has seven years of experience in the oil and gas industry, starting her career with Kuwait Oil Company in 2012 as a geophysicist. In 2017, she got a MSc in Petroleum Engineering and Geoscience from Kuwait University, as well as a MSc in Geophysics from IFP School (France) in 2018. She has been working with the Seismic Reservoir Characterization unit in exploration focusing mainly on rock physics, deterministic and stochastic seismic inversion. She recently got involved in borehole seismic processing starting from basic full waveform sonic processing to VSP processing. TECHNICAL COMMITTEE MEMBERS TECHNICAL PROGRAMME Myrna Staring, Delft University of Technology All technical sessions take place at Jumeirah Messilah Beach Hotel & Spa, Kuwait. Myrna Staring is a 4th year PhD student in Applied Geophysics at Delft University of Technology (Netherlands). Her PhD project is to evaluate the advantages and limitations of the application of Marchenko equation-based methods on field data. As part of her PhD, she has worked as an R&D intern with CGG in Brazil, as a visiting TUESDAY, 3 DECEMBER 2019 researcher with CGG Netherlands and as a visiting researcher with Aramco Overseas Company Netherlands. She is currently founding an EAGE Women in Geoscience and Engineering committee in the Netherlands, in addition to being part of a think-and-do tank with young researchers and NGO’s. 07:00 - 08:00 Onsite Registration Coffee, tea, juices and morning refreshments available 08:00 - 08:05 Hotel Safety Briefing 08:05 - 08:10 Welcome Address by Committee Co-Chairs 08:10 - 08:15 Welcome Address by Mohammed Dawas Al-Ajmi, Exploration Manager, Kuwait Oil Company 08:15 - 08:35 Pierre Hugonnet, CGG Opening Address by Adel El-Emam, Consultant Geoscientist | Exploration Group, Kuwait Oil Company Pierre Hugonnet currently holds the position of Senior Research Advisor at CGG Seismic Imaging. He completed his PhD in Geophysics in 1998 from the University of Pau (France). Since then, he has always been with CGG SESSION 1 UNDERSTANDING THE MULTIPLES AND THE ROLE OF ACQUISITION in seismic processing R&D (first at the Massy center, then at the Pau dedicated center). His main topics of Session Chairs: Halis Bayri & Guillaume Cambois interest are signal processing, multiple attenuation, noise attenuation and deblending. 08:35 - 09:00 KEYNOTE: Impact of Scattering from Micro Internal Multiple Reflections on Seismic Attenuation and Seismic Anisotropy Antonio Pica, CGG 09:00 - 09:25 Seismic Acquisition Design: Could we Enable Better Multiple Attenuation during Processing? Frederico Xavier de Melo, Schlumberger 09:25 - 09:50 Improving Acquisition Efficiency Using Imaging with Multiples Sören Naumann, PGS 09:50 - 10:15 Moderated Discussion – 25 min Rodney Johnston, BP 10:15 - 10:35 COFFEE BREAK – 20 min – Messilah 2 Foyer Area Rodney Johnston is global R&D Portfolio Manager for BP’s Upstream Technology involving data acquisition, imaging and inversion. He has broad interests from source control and deconvolution to multi-component and SESSION 2 UNDERSTANDING THE MULTIPLES AND THE ROLE OF ACQUISITION wide-azimuth seismic for field development onshore/offshore, and led trans-Atlantic research projects including Session Chairs: Khaled Al Dulaijan & Dan Whitmore Passive Seismic, Elastic Imaging, and Full-wavefield Reservoir Characterization applied to conventional and unconventional reservoirs. He has a MSc degree from the French Petroleum Institute – ENSPM (France) and a 10:35 - 11:00 Understanding the Generation of Multiples via the Reflector Spectrum Concept PhD from the University of Edinburgh (UK). He is an active member of SEG, EAGE, PESGB, GSH and CSEG, has Dongliang Zhang, Aramco Services Company received multiple awards from SEG and PESGB, oganises SEG’s Distinguished and Honorary Lecture events, 11:00 - 11:25 Multiples in South Oman: Understanding their Origin and Sensitivity to Near-Surface Geology Fabian Ernst, Petroleum Development Oman and is a member of SEG’s Europe Regional Advisory Committee. 11:25 - 11:50 Understanding the Multiples Generation in Ordovician Tight Sands of Saudi Arabia Sarah Bandar Aljohani, Saudi Aramco 11:50 - 12:15 Moderated Discussion – 25 min Tariq Al Khalifah, King Abdullah University of Science and Technology (KAUST) 12:15 - 13:15 LUNCH – 1 hr – Garden Café Tariq Alkhalifah is a professor in the Physical Sciences and Engineering Division. Before he joined KAUST in June 2009, he was research professor and director of the Oil and Gas Research Institute at King Abdulaziz City for SESSION 3 MULTIPLE PREDICTION Science & Technology (KACST). From 1996 to 1998, he served as a postdoctoral researcher for the Stanford Session Chairs: Adel El-Emam & Frederico Xavier de Melo Exploration Project at Stanford University (USA). Member of SEG and EAGE, he received the J. Clarence 13:15 - 13:40 KEYNOTE: A New Perspective on Removing and Using Multiples – They Have the Same Exact Goal – Imaging Primaries – Karcher Award from SEG and the Conrad Schlumberger Award from EAGE in 2003, and was honorary lecturer Recent Advances in Multiple Removal for the SEG in 2011. He
Load more

Recommended publications
  • Technical Programme
    DAY ONE TUESDAY 23 NOVEMBER 2021 TECHNICAL PROGRAMME 08:30 - 09:30 Conference, Exhibition and Registration Open 09:30 - 10:00 Keynote Address: Phil Kirk | Harbour Energy AUDITORIUM 10:00 - 10:30 Keynote Address: TotalEnergies Exploration for the Future | Emmanuelle Garinet, TotalEnergies 10:30 - 11:15 | Refreshment Break & Exploring the Exhibition Exploration: UK Multi-azimuth seismic Machine Learning / Digital A Pressure Cell Summary of the Highly Multi-azimuth Acquisition and High- Mining Data at Scale Using Deep Prospective Central North Sea HPHT resolution Model Building and Imaging Learning 11:15 - 11:45 Domain from Shallow to Deep Reservoir - A Case Chin Hang Lun, CGG Eva Zimmer, Oil & Gas Authority Study from Offshore Morocco Andrew Furber, WesternGeco Revealing the Zechstein Potential of the Improved Imaging Of The Marte Leveraging Supervised Machine Mid North Sea High, UK Reservoir With A Multi Azimuth Q-FWI Learning for Rapid Lithology Prediction 11:45 - 12:15 Neil Hurst, ION Model Rebecca Head, Halliburton John Northall, BP HALL 1 HALL 2 HALL 3 Characterising Basement and Calibrating A Novel and Efficient Multi-azimuth Petrographic Thin Section Analysis with Thermal History to Further the Towed-streamer Solution to Address Machine Learning Understanding of Petroleum Systems in Complex Illumination Challenges, Edward Jarvis, CGG 12:15 - 12:45 the Faroe-Shetland Basin Established in the Viking Graben, North Julian Moore, Applied Petroleum Sea Technology Julien Oukili, PGS 12:45 - 13:45 | Lunch & Exploring the Exhibition Exploration:
    [Show full text]
  • Cgg Financial Presentation March 2021
    CGG FINANCIAL PRESENTATION MARCH 2021 cgg.com Agenda 01 COMPANY OVERVIEW 02 BUSINESS HIGHLIGHTS 03 FINANCIAL REVIEW 04 CONCLUSION cgg.com 2 SECTION 1: COMPANY OVERVIEW 3 cgg.com 3 CGG: A People, Data and Technology Company Asset Light Company… …With Three Core Businesses (1) GGR Leveraging Exceptional People… Geoscience #1 in technology Breadth and depth of expertise Established market and technology 34% driving innovation and providing leader in subsurface imaging, #1 market share (2) outstanding service geology, geoscience software and services of 41% …Differentiated Data… Multi-Client #1 in technology Maximizing the value of data through One of the industry’s most technically advanced seismic data and geologic and 3D coverage our expertise and technologies 36% studies providers in the world’s key 24% market share (2) prolific hydrocarbon basins …And Remarkable Technology Equipment #1 in technology 30% Leading the industry in advanced Established market and technology imaging and geoscience leader in marine, land, ocean floor #1 market share (2) & digital technologies and downhole seismic equipment and of 46% gauges Sources: Company information, Select Broker research Notes: (1) Pie charts indicate % share of 2020 Segment Revenue (2) CGG market share against competitors for 2020, as per Company estimates 4 Delivered on Promises to the Market Promises to the Market… …CGG Delivered . Cease to operate vessels by Marine partnership with Shearwater closed on Marine 2021 8 January 2020 . Wind down land acquisition Last crew stopped in early February 2020 Land operations . Sell out of Multi-Physics Sale to Xcalibur Group announced in August 2020 Multi-Physics business Seabed . Exit Seabed operations Exit from Seabed data acquisition on 30 December 2019 Streamlined Headcount decreased by 750 employees and cash costs .
    [Show full text]
  • Euro Stoxx® Total Market Index
    EURO STOXX® TOTAL MARKET INDEX Components1 Company Supersector Country Weight (%) ASML HLDG Technology Netherlands 4.29 LVMH MOET HENNESSY Consumer Products & Services France 3.27 SAP Technology Germany 2.34 LINDE Chemicals Germany 2.26 TOTALENERGIES Energy France 1.89 SANOFI Health Care France 1.82 SIEMENS Industrial Goods & Services Germany 1.81 L'OREAL Consumer Products & Services France 1.73 ALLIANZ Insurance Germany 1.62 SCHNEIDER ELECTRIC Industrial Goods & Services France 1.35 AIR LIQUIDE Chemicals France 1.24 AIRBUS Industrial Goods & Services France 1.19 DAIMLER Automobiles & Parts Germany 1.17 IBERDROLA Utilities Spain 1.14 ENEL Utilities Italy 1.13 BNP PARIBAS Banks France 1.12 BASF Chemicals Germany 1.08 DEUTSCHE TELEKOM Telecommunications Germany 1.03 BCO SANTANDER Banks Spain 1.03 VINCI Construction & Materials France 1.01 DEUTSCHE POST Industrial Goods & Services Germany 1.01 Kering Retail France 1.00 ADYEN Industrial Goods & Services Netherlands 0.98 ANHEUSER-BUSCH INBEV Food, Beverage & Tobacco Belgium 0.97 ADIDAS Consumer Products & Services Germany 0.97 BAYER Health Care Germany 0.94 SAFRAN Industrial Goods & Services France 0.86 AXA Insurance France 0.83 ESSILORLUXOTTICA Health Care France 0.81 INTESA SANPAOLO Banks Italy 0.78 ING GRP Banks Netherlands 0.77 HERMES INTERNATIONAL Consumer Products & Services France 0.77 INFINEON TECHNOLOGIES Technology Germany 0.77 VOLKSWAGEN PREF Automobiles & Parts Germany 0.72 PHILIPS Health Care Netherlands 0.71 DANONE Food, Beverage & Tobacco France 0.69 Prosus Technology Netherlands
    [Show full text]
  • Notice and Information Brochure
    NOTICE AND INFORMATION BROCHURE Combined General Meeting CGG Wednesday, May 12, 2021 at 10.30 a.m. Exceptionally held behind closed doors (without any shareholders being physically present) At the company’s registered offi ce, 27 avenue Carnot 91300 Massy cgg.com Notice & Information Brochure – Combined General Meeting - 2021 SUMMARY Notice of the 2021 Combined General Meeting ...................................................................................3 Businesses ..............................................................................................................................................4 Key indicators of the 2020 fiscal year ..................................................................................................7 Administration, Management and Control ...........................................................................................9 Significant events of the 2020 fiscal year ......................................................................................... 13 Recent events which occurred since the end of the 2020 fiscal year ............................................ 16 Financial results of CGG SA over the past five years ..................................................................... 18 How to participate and vote at the Combined General Meeting? ................................................... 19 Agenda of the Combined General Meeting ....................................................................................... 28 Resolutions submitted to Shareholders’ approval
    [Show full text]
  • Myanmar: the Golden Land
    VOL. 16, NO. 1 – 2019 GEOSCIENCE & TECHNOLOGY EXPLAINED geoexpro.com GEOEDUCATION Creating Excitement in the EXPLORATION Geosciences Myanmar: The Golden Land GEOTOURISM Australia’s Big Outdoor Museum TECHNOLOGY The Pre-Drill Prediction Toolbox HISTORY OF OIL Mr Five Per Cent Make Better Decisions on Indonesia Exploration Opportunities North Sumatra South Makassar 3D acquisition ongoing Fast-track available Q2 2019 North Madura West Timor PSTM and PSDM High density fast-track available now available Q2 2019 Broadband Data Available for Viewing The latest PGS MultiClient 3D GeoStreamer surveys enable a better understanding of the plays and prospectivity oshore Indonesia. To find out more about these surveys and new acquisition plans, visit our website or contact [email protected]. A Clearer Image | www.pgs.com/Indonesia Previous issues: www.geoexpro.com Contents Vol. 16 No. 1 This edition of GEO ExPro focuses on Australasia and South East Asia, New GEOSCIENCE & TECHNOLOGY EXPLAINED Technologies, and Training Geoscientists. 5 Editorial ; 6 Regional Update Gulbenkian: Revealing the man behind the myths. 8 Licensing Update 10 A Minute to Read 14 Cover Story Exploration: Myanmar - The Golden Land v 18 Hot Spot: Great Expectations PetroEDGE Virtual field trips offer an integrated and flexible 20 Seismic Foldout: learning resource. Gippsland Basin Rejuvenated 26 GEO Education: Creating Excitement in the Geosciences Y 30 History of Oil: Mr Five per Cent, The last frontier in seismic Calouste Gulbenkian interpretation is getting a step closer. 34 GEO Education: Eliis Field Trips in a Virtual World I 38 Technology Explained: Robert Hall East Indonesian geology suggests The Pre-Drill Prediction Toolbox that relatively recent tectonic events had spectacular consequences on 42 Seismic Foldout: palaeogeography and life.
    [Show full text]
  • An Introduction to Petrochina Canada
    2018 Performance Presentation MacKay River Commercial Project AER Scheme Approval No. 11715 April 1, 2018 to March 31, 2019 PCC-RA-PA-00003 TEMPLATE NUMBER: PCC-CN-TP-00004 R0 3.1.1.1 Project Background • PetroChina Canada (“PCC”) owns and operates the MacKay River Commercial Project (“MRCP”) • The MRCP is a bitumen recovery project located within the Regional Municipality of Wood Buffalo (“RMWB”) in northeast Alberta; approximately 30 km northwest of Fort McMurray • The MRCP utilizes steam- assisted gravity drainage (SAGD) technology • The MRCP is planned for phased development to peak capacity of 150,000bbl/d bitumen 2 3.1.1.1 MRCP Phase 1 Overview • Phase 1 has a bitumen capacity of 35,000 bpd • The Phase 1 development area (DA) includes: o 8 SAGD surface well pads and associated subsurface drainage patterns o 42 SAGD Horizontal well pairs o 850m long horizontals o 125m well spacing o The Central Processing Facility (“CPF”) o Water source wells and associated pipelines o Observation wells o Borrow areas o Access roads o Camps 3 3.1.2.6b Directive 078 - Scheme Approval Amendments Amendments to Scheme Approval No. 11715 Amendment No. Purpose Approval Date 11715A Drainage patterns AF and AG were combined into a single subsurface drainage pattern (AF) 12-Jun-2012 11715B Equipment reconciliation and design changes at the MRCP CPF 5-Sep-2013 11715C Amalgamation of MacKay Operating Corporation and Brion Energy Corporation into a single corporate entity. 15-Sep-2015 Addition of 17 down-spaced well pairs in four subsurface drainage patterns (AA, AB, AC and AF) and deferral of the 11715D 9-Nov-2015 development of AI drainage pattern.
    [Show full text]
  • Reservoir Characterization Through Geostatistical and Azimuthal Inversion Techniques – a Case Study for Carbonate Reservoir H.L
    Tu D1 06 Reservoir Characterization through Geostatistical and Azimuthal Inversion Techniques – A Case Study for Carbonate Reservoir H.L. Gao (Institute of Petrochina Tarim Oilfield Company), G.H. Li (Institute of Petrochina Tarim Oilfield Company), Y.L. Lu (CGG), J. Ting (CGG), X.W. He (CGG), B. Liu (CGG), G.Y. Yu* (CGG) Summary Karstic carbonate reservoirs commonly have multiple media of hydrocarbon storage including caves, vugs and fractures. It is often a big challenge for quantitative reservoir characterization in karstic carbonate because of the very complex seismic reflection, particularly when seismic resolution is limited. This paper aims to develop a workflow integrating geostatistical and azimuthal inversion techniques to accurately predict reservoir distribution characteristics including caves, vugs, strike and density of fractures in karstic carbonate reservoirs. The success of this workflow would provide tremendous support to the design of new development wells and dramatically increase drilling success. 79th EAGE Conference & Exhibition 2017 Paris, France, 12-15 June 2017 Introduction Karstic carbonate reservoirs commonly have multiple media of hydrocarbon storage including caves, vugs and fractures. It is often a big challenge for quantitative reservior characterization because of the very complex seismic reflection, particularly when seismic resolution is limited. Considering the significant amount of oil and gas reserves in carbonate rocks, if the reservoir distribution characteristics including caves, vugs, the density
    [Show full text]
  • Management Report of the Board of Directors
    MANAGEMENT REPORT OF THE BOARD OF DIRECTORS COMPAGNIE GENERALE DE GEOPHYSIQUE – VERITAS Fiscal year ended December 31, 2012 Compagnie Générale de Géophysique - Veritas A French Public Limited Company with registered capital of €70,556,890 Registered Office : Tour Montparnasse, 33, avenue du Maine, 75015 Paris, France 969 202 241 RCS PARIS 1. MAIN BUSINESS OF THE GROUP IN 2012 In 2012, the geophysical operations of the CGG Group were organized into two main segments of activity: Geophysical Services and Geophysical Equipment. The Geophysical Services segment covered four Divisions: Land: Land based, transition zone and seabed seismic contract data acquisition (“Contract Land acquisition” activity or the “Land Division); Marine: Marine based seismic contract data acquisition (“Contract Marine acquisition” activity or the “Marine Division”); Processing, Imaging & Reservoir: A broad portfolio of advanced geosciences technology, products and solutions for seismic data processing, imaging and reservoir management (“Processing, Imaging and Reservoir activity” or the “Processing, Imaging and Reservoir Division”); Multi-Client: The investment and sale (License) of marine and land CGG proprietary seismic surveys to multiple customers (the “Multi-Client activity” or the “Multi-Client Division”). The Geophysical Equipment segment corresponded to the “Equipment Division”, regrouping the activities of the subsidiaries of Sercel Holding SA, which covers the design, manufacture and marketing of land, marine and down-hole seismic data acquisition equipment. As from February 1, 2013, following the acquisition of Fugro Geoscience Division, a new operational structure has been put in place in order to align the management structure with the Group’s new size and development strategy. The Group is now organized around three Divisions (Equipment, Acquisition and Geology, Geophysics & Reservoir) including ten Business Lines and with six Group Functions and five Corporate Departments.
    [Show full text]
  • Printmgr File
    A French société anonyme with a share capital of €7,099,479 Registered office: Tour Maine Montparnasse, 33 avenue du Maine 75015 Paris, France 969 202 241 RCS Paris 2018 REFERENCE DOCUMENT INCLUDING THE ANNUAL FINANCIAL REPORT This Reference document was filed with the Autorité des marchés financiers (AMF) on April 5, 2019, in accordance with article 212-13 of the AMF General Regulations. It may be used in support of a financial transaction only if supplemented by a prospectus which received approval from the AMF. This document has been established by the issuer and is binding upon its signatories. The following information is incorporated by reference in this Reference document: ᮣ 2017 consolidated financial statements, presented in the Form 20-F filed with the United States Securities and Exchange Commission on March 29, 2018, and the related report from the external auditors; ᮣ 2016 consolidated financial statements, presented in the Form 20-F filed with the United States Securities and Exchange Commission on May 1, 2017, and the related report from the external auditors. This document is a free translation of the original, which was prepared in French. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions expressed therein, the original language version in French takes precedence over this translation. TABLE OF CONTENTS 1 The CGG Group 6 Information on the Company 1.1 Selected financial data 6 6.1 Information
    [Show full text]
  • UNIVERSAL REGISTRATION DOCUMENT 2020 Including the Annual Financial Report CONTENT
    — UNIVERSAL REGISTRATION DOCUMENT 2020 Including the annual financial report CONTENT INTERVIEW WITH THE CEO 04 CGG AT A GLANCE 06 This Universal Registration Document can be consulted OUR STRATEGY 10 and downloaded from the website BUSINESS MODEL 12 www.cgg.com website GOVERNANCE 14 PRESENTATION OF THE CGG 2020 FINANCIAL STATEMENTS - 1 GROUP AND ITS ACTIVITIES 17 6 FINANCIAL INFORMATION ON THE 1.1 Objectives and strategy 18 COMPANY'S ASSETS, FINANCIAL 1.2 Business description 27 POSITON AND RESULTS 193 1.3 Research and development 32 6.1 2019-2020 CGG consolidated 1.4 Investing activities 33 financial statements 194 1.5 Selected financial data 34 6.2 2019-2020 statutory financial CGG SA 268 1.6 CGG main locations 35 statements of 1.7 CGG organization 38 INFORMATION ON SHARE CAPITAL, 1.8 Recent events 40 7 SHAREHOLDERS RISK FACTORS AND GENERAL MEETINGS 271 2 AND INTERNAL CONTROL 41 7.1 Shareholding 272 7.2 Stock market information 275 2.1 Internal control components leading to an integrated 7.3 Financial communication policy 277 approach to Risk Management 42 7.4 Distribution of earnings – 2.2 Main Risk Factors and Control Dividends 278 Measures 48 7.5 General information on 2.3 Insurance 70 the Company’s share capital 279 2.4 Litigation 71 7.6 General information on the Company’s General Meetings 287 2.5 Regulatory environment 72 STATEMENT ON NON-FINANCIAL 8 ADDITIONAL INFORMATION 293 3 PERFORMANCE 73 8.1 Information on the Company 294 295 3.1 CGG’s non-financial risks 8.2 Material contracts and opportunities 74 8.3 Related party transactions
    [Show full text]
  • Annual Report 2017 Profile
    ANNUAL REPORT 2017 PROFILE We deliver unique geoscience insight CGG is a leader in cutting-edge geoscience. We have achieved leadership through a strong focus on innovation and a sustained commitment to delivering the best products and services in our industry. We capitalize on our valuable multi-client studies, diverse consulting services and powerful software workfl ows to offer our clients integrated and customized solutions for every geologic setting. By combining our extensive geological and seismic data with our unique expertise we deliver unrivalled geoscience insight to better support the E&P workfl ows of our clients. 1 PROFILE 2 KEY FIGURES 4 GOVERNANCE AND MANAGEMENT 6 ACTIVITIES 8 FINANCIAL RESTRUCTURING 10 2017 HIGHLIGHTS 14 TECHNOLOGIES 16 SUSTAINABLE DEVELOPMENT 18 SHAREHOLDER INFORMATION STAFF DEDICATED 350 TO R&D YEARS OF 87 PIONEERING AROUND 5 300 EMPLOYEES AMONG THE WORLD’S TOP 15 FOR COMPUTING CAPACITY (ALL SECTORS) 29 SUBSURFACE IMAGING CENTERS 980 000 SQ KM OF OFFSHORE MULTICLIENT DATA IN KEY SEDIMENTARY BASINS 2 0 1 7 ANNUAL REPORT 1 KEY FIGURES CGG Group revenue in 2017 totalled 1,320 million dollars, up 10% compared to 2016 and after a decline over the last three years. This revenue fi gure breaks down to 62% from our Geology, Geophysics & Reservoir (GGR) business segment, 16% from our 2,101 Equipment business segment, and 22% from our Contractual Data Acquisition business segment. Since the launch of our industrial transformation plan at the end 1,320 1,196 of 2013, we have swiftly adapted to the deterioration in market conditions by halving the Group's headcount, by reducing our capital expenditures by c.
    [Show full text]
  • CGG Services (UK) Limited
    CGG Services (UK) Limited COMPETENT PERSONS REPORT on the assets of :- Saffron Energy plc Apennine Energy S.p.A. FOR Saffron Energy plc Grant Thornton UK LLP Turner Pope Investments (TPI) Ltd CGG Services (UK) Limited Reference No: BP512 CGG Services (UK) Limited Crompton Way, Manor Royal Estate Crawley, West Sussex RH10 9QN, UK Tel: +44 012 9368 3000, Fax: +44 012 9368 3010 Saffron Energy plc – Competent Persons Report DISCLAIMER AND CONDITIONS OF USAGE Professional Qualifications CGG Services (UK) Limited (CGG) is a geological and petroleum reservoir consultancy that provides a specialist service in field development and the assessment and valuation of upstream petroleum assets. CGG has provided consultancy services to the oil and gas industry for over 50 years. The work for this report was carried out by CGG specialists having between five and 20 years of experience in the estimation, assessment and evaluation of hydrocarbon reserves. Except for the provision of professional services provided on a fee basis and products on a license basis, CGG has no commercial arrangement or interest with Saffron Energy plc (Saffron) or the assets, which are the subject of the report or any other person or company involved in the interests. Data and Valuation Basis In estimating petroleum in place and recoverable, CGG have used the standard techniques of petroleum engineering. There is uncertainty inherent in the measurement and interpretation of basic geological and petroleum data. There is no guarantee that the ultimate volumes of petroleum in place or recovered from the field will fall within the ranges quoted in this report.
    [Show full text]