CGG Announces Third Quarter 2011 Results
Strengthening Results in Q3
Early Impact of our Performance Plan
Revenue up 21%
Operating Income at $98m, a 12% margin
Net Income of $41m
PARIS, France – November 9, 2011 – CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today its non-audited third quarter 2011 consolidated results. All comparisons are made on a year-on-year basis unless stated otherwise.
CGG Announces Oceanic Sirius New-Build to Acquire 3D BroadSeis Survey on Avaldsnes Field
PARIS, France – October 27, 2011 – CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that the first project for its recently launched Oceanic Sirius X-BOW® seismic vessel will be a 3D BroadSeis™ survey on the Avaldsnes field, potentially estimated to be the third largest oil discovery in Norway, on behalf of Lundin Petroleum. The Oceanic Sirius joined the CGGVeritas fleet on 3rd October and is now starting acquisition of the 3D BroadSeis survey for Lundin.
CGG Announces its Third Quarter 2011 Results Conference Call Wednesday, November 9, 2011
Paris, October 21, 2011
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) will announce its third quarter 2011 results on Wednesday November 9, 2011. A press release will be available on our website: www.
CGG Provides its Vessel Utilization Update for the Third Quarter 2011
PARIS, France – October 10th 2011 - CGGVeritas (ISIN: 0000120164 – NYSE: CGV) provides its vessel utilization and its fleet allocation updates for the third quarter of 2011. Vessel utilization for the third quarter 2011:
The vessel availability rate was 91% including initial shipyard of the Champion for upgrades as part of our performance program.
CGG Announces Completion of BroadSeis 3D Wide-Azimuth Survey for Chevron Norge
PARIS, France – September 27, 2011
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that it completed acquisition of a 3D survey with BroadSeisTM, its unique broadband marine solution, for Chevron Norge AS. The minimum commitment for the program comprised acquisition of a 3D survey over a 2,190 km2 area west of Bodø in the Norwegian Sea.
CGG Announces Listing in the Dow Jones Sustainability Europe Index
Paris, France – 19th September 2011
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that it has been selected for listing in the Dow Jones Sustainability Europe Index (DJSI) based on its strong sustainable development performance and long-term strategic commitment to corporate social responsibility. CGGVeritas joins 172 companies selected, among 600 assessed, for the year 2011/2012 as the only seismic company listed in DJSI Europe.
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