{"id":399524,"date":"2020-12-15T01:33:02","date_gmt":"2020-12-15T06:33:02","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399524"},"modified":"2020-12-15T01:33:02","modified_gmt":"2020-12-15T06:33:02","slug":"cgg-cgg-pgs-and-tgs-announce-strategic-partnership-for-shared-multi-client-data-offerings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cgg-cgg-pgs-and-tgs-announce-strategic-partnership-for-shared-multi-client-data-offerings\/","title":{"rendered":"CGG: CGG, PGS and TGS Announce Strategic Partnership for shared Multi-Client Data Offerings"},"content":{"rendered":"
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\n CGG, PGS and TGS Announce Strategic Partnership for shared Multi-Client Data Offerings<\/strong>\n <\/p>\n

\n Paris, France \u2013 December 15, 2020<\/em>\n <\/p>\n

CGG, PGS and TGS, industry leaders of multi-client geoscience data, today announced a pioneering strategic partnership to offer a shared ecosystem providing direct access to their subsurface multi-client data libraries. <\/p>\n

The independent, cloud-based ecosystem will offer a single search point to access all three companies\u2019 multi-client data and allow customers to interactively find, visualize and download their subsurface assets and entitlements all in one place.<\/p>\n

Sophie Zurquiyah, CEO, CGG, said: \u201cThe industry historically lacked an ecosystem that provided a vendor neutral single point of access to the industry\u2019s commercial data. This new ecosystem is platform agnostic, which will enable clients to access multi-client seismic and geologic data, when and where they need it.\u201d<\/p>\n

A beta version is targeted for release in the first quarter of 2021, enabling clients who own data to review the technology and provide feedback, as well as giving other commercial data suppliers the opportunity to evaluate the potential of joining the collaborative approach.<\/p>\n

Rune Olav Pedersen, President & CEO at PGS, said: \u201cThis partnership shows the possibilities when you combine a collaborative approach with the power and breadth of data and the vision to improve customer experience. Combining cloud agnostic direct access to three of the largest multi-client data libraries in one place ensures enhanced efficiency, usability and reduced lead times, raising the bar on customer experience globally.\u201d<\/p>\n

A full launch of the ecosystem is expected in the second half of 2021. CGG, PGS, and TGS intend to expand the scope of the project in the future to include additional features, vendors and data types.<\/p>\n

Kristian Johansen, CEO at TGS, said: \u201cProactively supporting our clients\u2019 digital transformation initiatives through the development of this one-of-a-kind vendor collaborative ecosystem, accessible from the users\u2019 desktop, is essential to the foundation for any future development of modern subsurface workflows and beyond.\u201d<\/p>\n

For further project inquiry, please contact Mark Ambrosi (Mark.Ambrosi@CGG.com<\/a>), Tom Ziegler (tom.ziegler@PGS.com<\/a>) or Arvind Sharma (Arvind.Sharma@TGS.com<\/a>).<\/p>\n

About CGG<\/strong><\/p>\n

\n CGG (<\/em>
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\n www.cgg.com<\/em>
\n <\/a>
\n ) is a global geoscience technology leader. Employing around 4,000 people worldwide, CGG provides a comprehensive range of data, products, services\u00a0and equipment that supports the discovery and responsible management of the Earth\u2019s natural resources. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).<\/em>\n <\/p>\n

\n CGG offers a comprehensive portfolio of multi-disciplinary, multi-client products, including the industry\u2019s most recent and technologically advanced seismic data library in the world\u2019s key locations.<\/em>\n <\/p>\n

For more information, visit CGG.com<\/a> or contact:<\/p>\n

Christophe Barnini
Group Communications & Investor Relations
Tel: + 33 1 64 47 38 11
E-Mail: christophe.barnini@cgg.com<\/a><\/p>\n

About PGS<\/p>\n

\n PGS ASA and its subsidiaries (\u201cPGS\u201d or “the Company”) is a focused marine geophysical company that provides a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The Company MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. The Company operates on a worldwide basis with headquarters in Oslo, Norway\u00a0and the PGS share is listed on the Oslo stock exchange (OSE: PGS).<\/em>\n <\/p>\n

For more information, visit PGS.com<\/a> or contact:<\/p>\n

B\u00e5rd Stenberg
VP IR & Corporate Communication
Mobile: +47 992 45 235
E-Mail: bard.stenberg@pgs.com<\/a><\/p>\n

About TGS<\/p>\n

\n TGS provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.<\/em>\n <\/p>\n

For more information, visit TGS.com or contact:<\/p>\n

Jaclyn Townsend
Director, Corporate Marketing at TGS
Tel: +1 832 667 4757
E-Mail : jaclyn.townsend@tgs.com<\/a><\/p>\n

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