New Organization of Geophysical Services
Paris, December 11, 2007
CGGVeritas (ISIN: FR0000120164 - NYSE: CGV) announced today that Geophysical Services will be under the direct responsibility of Mr. Thierry Le Roux, Group President and COO of CGGVeritas.
CGG to Dispose of its Minority Interest in Eastern Echo
Paris, November 23, 2007
CGGVeritas (ISIN: FR0000120164 - NYSE: CGV) announced today that it has decided to tender its 30. 9 million shares of Eastern Echo Holding PLC (ECHO NO) representing 12.
CGGVeritas Adds to its Asia-Pacific Data Library
As part of its on-going commitment to the Asia-Pacific region, CGGVeritas has increased its Data Library coverage in the South Flores area by acquiring a new non-exclusive 2D survey in the waters of the Savu Sea. The new survey is approximately 3,000 km and has been completed by the CGGVeritas Duke seismic acquisition vessel.
CGGVeritas Announces Second Wide-Azimuth Survey in Gulf of Mexico
CGGVeritas announced today that it will launch the next of its planned series of wide-azimuth data library programs in the deepwater Gulf of Mexico with its second major Multi-Client survey in late November 2007. The new Garden Banks survey will be the largest wide-azimuth data library survey in the world, extending over 600 OCS blocks in the Garden Banks, Keathley Canyon and East Break areas of the Gulf of Mexico.
CGG Announces its Third Quarter 2007 Results
Group Revenues up 33% in $
45% EBITDA Margin
Net Income 11% of Revenues
Robust Market Outlook
PARIS, France – November 15th, 2007 – CGGVeritas (ISIN: 0000120164 – NYSE: CGV) today announced its third quarter 2007 unaudited financial results(1). All comparisons are made on a year-on-year basis with pro-forma 2006 figures.
CGG Acquires Minority Interest in Eastern Echo
Paris, November 12, 2007
CGGVeritas (ISIN: FR0000120164 - NYSE: CGV) announced today that it has acquired 30. 9 million shares of Eastern Echo Holding plc (ECHO NO) for a total consideration of approximately NOK 431 million, representing 12.
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