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Regarding the finalization of the implementation of the financial restructuring plan, Jean-Georges Malcor, CEO of CGG, said: Today marks the completion of our financial restructuring initiated more than a year ago.
Kuwait Gulf Oil Company (KGOC) awarded the geoscience study order to CGG GeoConsulting.
The survey is part of an integrated project, including data processing and reservoir characterization, awarded to CGG by the Abu Dhabi National Oil Company (Adnoc).
The minister lauded the existing cooperation between CGG and National Oil and Gas Authority (NOGA).
As part of the project, Technip plans to strengthen and later separate the acquisition unit of CGG.
Jean-Georges Malcor, CEO, CGG, said: "We are delighted that Saudi Aramco is continuing its long-term relationship with CGG by awarding what is one of the world's largest land seismic survey programs to our Argas joint venture with Taqa.
Following the acquisition, and in view of the very bad state of the buildings Robertson was occupying in Llandudno, CGG considered relocating Robertson, which has been based in Llandudno since the early 70s.
Under the contract, CGG is responsible for the implementation of software during 2014 and operation of the database from 2015 through to the end of 2020 in Norway.
With a total workforce of over 9,800 in more than 70 locations worldwide, 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.
The CGG Veritas website notes that the Bergen Surveyor is an award-winning seismic vessel which belongs to the company.
CGG Veritas' unit CGGVeritas Services SA will acquire up to 6,300 km of 2D seismic data on a two by four km grid offshore Greenland.
Currently, most diagnostic-testing paradigms for FMR1 disorders rely on the PCR with size resolution by capillary electrophoresis (CE), agarose gel electrophoresis (AGE), or PAGE for size resolution for the detection of up to 100-150 CGG repeats.