CGG Announces Future Marine Joint Venture with Petrovietnam

PARIS, France – December 16th 2010 CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that it has signed a term sheet with Petrovietnam Technical Services Corporation (PTSC) to create a 2D/3D marine joint venture to operate 2D and 3D marine seismic vessels, primarily in Vietnamese waters. The joint venture will provide seismic data acquisition services for the oil and gas clients operating locally in Vietnam and the region.

CGG Announces Enhanced Profitability Plan

Increased focus on operational performance, costs reductions and technology differentiation $150 million positive impact on operating income by 2012 PARIS, France – December 16th 2010 CEO Jean-Georges Malcor and his Executive Committee presented a companywide plan today to improve profitability and reinforce the leading position of CGGVeritas in high-end seismic technology and solutions. This plan is driven by a recently appointed executive team, operating a leaner organization that was put in place mid October.

Paragon Geophysical Services, Inc. Selects Sercel UNITE Cable-Free System

Houston, 2nd December 2010 Sercel is pleased to expand its UNITE cable-free acquisition system market with the sale of a system to Paragon Geophysical Services, Inc. , a company located in Wichita, Kansas which has been providing quality-oriented and competitive seismic crews since 1993.

Lodestone Leads the Way in the Southern North Sea

CGGVeritas has added to its high-quality, recent-vintage North Sea Data Library suite by acquiring a new 3D survey in the Quad 44 region. This significant addition complements the existing Cornerstone and Runestone surveys.

Innovations in Reverse Time Migration

CGGVeritas has added further innovations to the RTM toolbox to produce clearer images. Reverse time migration (RTM) is considered the benchmark in imaging due to its ability to handle complex velocity models with abrupt discontinuities typical of structures such as salt bodies, with which ray-based methods typically struggle.

CGGVeritas BroadSeis: Safer, Broader, Better

BroadSeisTM, the CGGVeritas broadband marine solution, continues to provide exceptional broadband images in different geological settings. Since its launch at the Barcelona EAGE convention, BroadSeis has generated considerable interest.