CGG

CGG

Provides seismic data solutions via cloud

About CGG

Simplify's Rating
Why CGG is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Data & Analytics

Energy

AI & Machine Learning

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Massy, France

Founded

1931

Overview

CGG provides seismic data solutions in the geoscience sector through its cloud-based platform, Versal. This platform allows clients in energy, mining, and environmental management to access a wide range of seismic data, which helps them make informed decisions about infrastructure management and resource exploration. CGG's services include secure, multi-client access to seismic data, along with specialized analytics services that are available through subscription. The company stands out from competitors by combining its expertise in Earth observation and advanced monitoring equipment to improve situational awareness and minimize risks for clients. CGG aims to support sustainable practices while ensuring service excellence through close collaboration with its clients.

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Simplify's Take

What believers are saying

  • Growing demand for cloud-based seismic solutions in the energy sector boosts CGG's prospects.
  • AI-driven analytics enhance seismic data interpretation, improving resource exploration accuracy.
  • Environmental monitoring services expand due to stricter regulations and sustainable practice needs.

What critics are saying

  • Emerging firms offer similar seismic data solutions at lower costs, threatening CGG's market share.
  • Rapid AI advancements may outpace CGG's capabilities, risking competitive disadvantage.
  • Stricter environmental regulations could impact CGG's operations and client base.

What makes CGG unique

  • CGG offers a comprehensive seismic data ecosystem through its Versal cloud platform.
  • The company provides secure, multi-client access to seismic data for informed decision-making.
  • CGG leverages Earth observation expertise to enhance situational awareness and reduce client risks.

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Company News

Scientific Computing
Dec 9th, 2024
Optimising life science code for HPC

In May, Viridien launched its AI Cloud solution, designed to meet the needs of data-intensive industries, including life sciences, that seek to optimise and accelerate their and resource-heavy HPC and AI workloads.

HPCwire
Nov 19th, 2024
Viridien expands its industrial Cloud to the US market

Viridien has announced the US launch of its industrial Viridien Cloud for AI and HPC production at SuperComputing 2024.

Viridien Group
Nov 14th, 2024
Viridien announces HPC, AI and Cloud services agreement with MS4ALL to support molecular simulation

Viridien, an advanced technology and digital company, is pleased to announce a new agreement with MS4ALL, a French start-up focused on molecular simulation.

WebWire
Nov 12th, 2024
TGS Completes Heimdal Terrace Ocean Bottom Node Survey, Delivering Long-Term Insights

TGS, a global leader in energy data and intelligence, in collaboration with joint venture partner Viridien, announces the successful completion of the multi-client Heimdal Terrace Ocean Bottom Node (OBN) project and the delivery of the final processed data.

Offshore Source
May 14th, 2024
CGG Launches Two New 3D Reimaging Projects Offshore Côte d'Ivoire

CGG launches two new 3D reimaging projects offshore Côte d'Ivoire.

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