CGG: Record Backlog Close to One Billion Dollars
January 26 2006 - 11:24AM
PR Newswire (US)
PARIS, January 26 /PRNewswire-FirstCall/ -- Compagnie Generale de
Geophysique (ISIN: FR0000120164; NYSE: GGY) today announces Group
backlog of $970 million as of January 1, 2006, up 28 % compared to
November 1, 2005 and up 110 % compared to January 1, 2005. Backlog
for the CGG Services division as of January 1, 2006 was $758
million, up 112 % year on year. This strong increase comes mainly
from the Offshore business unit and reflects the good market
conditions prevailing in this sector. Sercel's external backlog as
of January 1, 2006 was $212 million, up 93% year on year. Backlog
for both Sercel and Services extends into 2007, thereby providing
good visibility. The information included herein contains certain
forward-looking statements within the meaning of Section 27A of the
securities act of 1933 and section 21E of the Securities Exchange
Act of 1934. These forward-looking statements reflect numerous
assumptions and involve a number of risks and uncertainties as
disclosed by the Company from time to time in its filings with the
Securities and Exchange Commission. Actual results may vary
materially. The Compagnie Generale de Geophysique group is a global
participant in the oilfield services industry, providing a wide
range of seismic data acquisition, processing and geosciences
services and software to clients in the oil and gas exploration and
production business. It is also a global manufacturer of
geophysical equipment. Contact : Christophe BARNINI
+(33)-1-64-47-38-10 / +(33)-1-64-47-38-11 Email: +-1-64-47-38-11,
Email: invrel@cgg.com (GGY) DATASOURCE: Compagnie Generale de
Geophysique (CGG) CONTACT: Contact: Christophe BARNINI,
+(33)-1-64-47-38-10
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