Restructured seismic player CGG has remained in the black by $49.1m for the second quarter, reversing a loss of $170m in the same period last year.
New CGG chief executive Sophie Zurquiyah said the sector is still facing overcapacity, although activity is gradually improving.
“We continue to see positive momentum across our businesses, and, while pricing pressure remains, there are increasing and clear signs of a gradual recovery,” Zurquiyah said in a conference call.
