CGG: GeoSoftware Releases Enhancements across Full Portfolio

PARIS, Oct. 18, 2016 (GLOBE NEWSWIRE) — CGG GeoSoftware has announced a series of innovative software releases across its reservoir characterization product portfolio.

As part of its commitment to improve efficiency for interpretation experts, asset teams and reservoir engineers, the delivery of InsightEarth 3.1, Jason 9.6, PowerLog 9.6, EarthModel FT 9.6 and VelPro 9.6 offer more productive workflow solutions to address the challenges associated with more complex reservoirs. Anisotropic inversion, depth inversion and broadband wavelet estimation are some of the key technologies in Jason 9.6 to benefit from significant updates. Coming out later this year, HampsonRussell 10.2 will feature attribute extraction and prediction along horizontal wells and upgraded geostatistical mapping capabilities.

Sophie Zurquiyah, Chief Operating Officer, Geology, Geophysics & Reservoir, CGG, said: “GeoSoftware’s continually evolving capabilities significantly help our clients to accurately characterize the Earth’s subsurface, manage exploration and development risks, and maximize the potential of reserves. As demonstrated by these new releases and our upcoming launch of HampsonRussell 10.2, we remain committed to ongoing innovation in our geoscience-based software to help our clients overcome tough challenges from exploration through development to life-of-field production management.”

About CGG

CGG ( www.cgg.com ) 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 businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation.

CGG employs more than 6,500 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: 0013181864 ) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).

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Press release pdf version http://hugin.info/142000/R/2049462/766432.pdf