ASIA

PTTEP keeps CGG busy

FILING for bankruptcy to help clear $US3 billion in debts clearly isn’t the end for CGG, which has just scored a three-year extension to run PTTEP’s dedicated processing centre in Bangkok to ensure more accurate exploration and efficient production in the region.

 CGG CEO Jean-Georges Malcor.

CGG CEO Jean-Georges Malcor.

In a clear sign of PTTEP's optimism, the Thai company sees a need for CGG to keep operating the centre, which is a key plant in the oiler's strategy to invest in new technology to improve its exploration...

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