CGG and OMV Continue Cooperation

Paris, France – December 4, 2018 -- CGG announced today that its contract with OMV to operate a dedicated center at its head office in Vienna has been renewed. The contract will run for a further three years. During this period OMV will continue to benefit from onsite access to CGG’s subsurface imaging and reservoir characterization expertise and technology. The support given by the center to image and interpret OMV’s geophysical data and the collaborative spirit in which the teams work together help to provide greater insight into OMV’s worldwide acreage.

The two companies have worked together as strategic partners since the center first opened in 1979. The tailored service delivered by experienced in-house geoscientists gives OMV access to CGG’s latest technologies as well as the support of experts and compute capacity from CGG’s Paris and London hubs.

Christopher Veit, SVP Exploration, Development & Production, OMV Upstream, said: “Geophysical technology is a critical factor for future success in OMV’s upstream oil and gas business and I am very pleased that OMV will continue its strategic partnership with CGG. The continuation of our long-term cooperation with CGG will benefit OMV in terms of continuous advancement in seismic technology and capability.”

Sophie Zurquiyah, CEO, CGG, said: “The OMV center is the longest-running of the 11 dedicated centers CGG operates for clients worldwide. Its impressive track record testifies to the strength of our relationship with OMV and the level of trust between our two companies. It is also an excellent example of the value this type of strategic partnership can bring to both parties. The close in-house interaction constantly challenges us to develop and introduce new technologies and workflows that translate into business value that meets and often exceeds expectations.”