CGG Announces Third Quarter 2009 Results
Free Cash Flow at $148m
Group EBITDAs margin at 32%
Backlog at $1. 65B
PARIS, France – November 10th 2009
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today its non-audited third quarter 2009 consolidated results.
CGGVeritas Deploys SeisMovie Monitoring Solution for Heavy Oil Production
Calgary, 30 October 2009
CGGVeritas has announced the successful completion of the acquisition phase of a first continuous land 3D SeisMovie™ project conducted for Shell Canada in the Peace River region, Alberta, Canada. The project is a joint technology trial with Shell Canada; data acquisition spanned 90 days of continuous operations and was completed with Zero HSE Incidents.
CGGVeritas Sponsors 'Energise Your Future'
Paris, 29 October 2009
CGGVeritas is proud to sponsor Energise Your Future, a forward-looking initiative launched by the World Petroleum Council to promote a spirit of dialogue between young professionals and the oil and gas industry. Energise Your Future offers young people from around the world a unique platform to engage with the fast-moving energy industry and debate with its current leaders on the major issues, challenges and opportunities it will be facing in the future.
CGGVeritas Offers Best-Quality Data Library in Key Locations
CGGVeritas continues to invest in expanding its data library portfolio in the most prospective locations. Acquired and imaged with the latest technologies including wide azimuth (WAZ), its multi-client surveys provide the clearest geological insight.
Nautilus Vessels Promise to be Safer, Quieter and Better
CGGVeritas is confident that acquisition of the recently announced PEMEX Gulf of Mexico survey with the advanced Sercel Nautilus-Sentinel steered solid streamers will provide a new benchmark for safer operations, quieter data and better crew efficiency. With one system already in production on the Symphony, CGGVeritas will make the next full-scale deployment of the advanced Sercel Nautilus-Sentinel steered solid streamers on the largest marine survey ever awarded.
Jean-Georges Malcor to Join CGG General Management
PARIS, France – 26 October 2009
CGGVeritas (ISIN : 0000120164 – NYSE : CGV) announced today that Jean-Georges Malcor, currently Senior Vice President at Thales, will join CGGVeritas on January 1st 2010. In connection with this appointment, it is planned that CGGVeritas will separate the Chairman of the Board and Chief Executive Officer functions on July 1st 2010, at which date Jean-Georges Malcor will become Chief Executive Officer of CGGVeritas and Robert Brunck will continue on as Chairman of the Board.
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