CGG has declared a 35% year-on-year surge in revenue for the third quarter of US$270 million.
The geophysical company announced that revenue was up 35% year-on-year and 72% sequentially with segment revenue stable at US$77 million, multi-client revenue of US$92 million up 26% and equipment revenue up 102% year-on-year at US$101 million.
Sophie Zurquiyah, CEO, CGG, said: “We delivered a robust third quarter performance, confirming the anticipated trends of gradual recovery in geoscience, sustained demand for our Multi-client data located in the world’s most active basins, and a pick-up in equipment deliveries in the second half of the year.
“Multi-client prefunding revenue for the quarter was around $59 million and after-sales increased to around $33 million this quarter.”
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