ODDO : Seismic sector: San Andreas Fault or Fear and Trembling
The seismic sector, having got an initial recovery under way in 2019 after the crisis of 2014, is set to once more be sacrificed in the new oil paradigm. The previous shock had led several players to reposition in different businesses and, in some cases, to adopt an asset-light strategy. This approach should allow them to adjust their cost bases more readily in the first instance. But the move to boost exposure to multi-client surveys could lead to huge impairments on their libra...CGG is a global participant in the geophysical seismic industry. Co. manufactures geophysical equipment and provides marine, land, and airborne data acquisition services. Co. also provides geosciences services, including data imaging, seismic data characterization, geosciences and petroleum engineering consulting services, and collecting, developing and licensing geological data. Co.'s clients are in oil and gas exploration and production industies. Co. divides its activities into four segments: Equipment, Contractual Data Acquisition, Geology, Geophysics and Reservoir (GGR), and Non-Operated Resources, including eight business lines, six Corporate functions, and four Group Departments.
Petroleum Geo-Services is engaged in providing geophysical services and oil and gas production services. As of Dec. 31, 2001, Co. operated six Ramform design vessels in its marine seismic data acquisition operations.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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