GGY Comp Gen Geophys

CGG: Sercel takes control of Chinese seismic equipment manufacturer Hebei Junfeng Geophysical Co. Ltd. PARIS, November 27 /PRNewswire/ -- Compagnie G�n�rale de G�ophysique (ISIN : FR0000120164 ; NYSE :GGY) announced today that its subsidiary Sercel executed on November 26th an agreement for the acquisition of a 51% majority ownership in Hebei Junfeng Geophysical Co. Ltd., the main provider of geophones and seismic cables for the Chinese seismic market. Hebei Junfeng Geophysical Co. Ltd., located in the Hebei province, was originally created by BGP, the largest Chinese geophysical services contractor. BGP will remain shareholder of the company as well as management and employees together with XPEIC, a Chinese geophysical equipment company. Junfeng employs around 500 people and manufactures nearly 2 millions geophones per year. This acquisition reinforces Sercel's presence in China, a growing and promising market for geophysical equipments and will further strengthen its position in international markets. Sercel, a wholly owned CGG subsidiary, is the industry leader in seismic acquisition equipment. 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 G�n�rale de G�ophysique group is a global participant in the oilfield services industry, providing a wide range of seismic data acquisition, processing and geoscience services and software to clients in the oil and gas exploration and production business. It is also a global manufacturer of geophysical equipment. Internet: www.cgg.com DATASOURCE: Geophysique Contacts: Christophe PETTENATI AUZIERE (33) 1 64 47 36 75 Christophe BARNINI (33) 1 64 47 38 10 Email: invrel@cgg.com

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