cggveritas

TGS announces that it has signed a Letter of Intent with CGGVeritas Services S.A. to charter a 12 streamer vessel, for 3D multi-client projects in Europe during the 2013 summer season.  The charter will begin in April and last for approximately six months. The details of the individual projects to be completed under this charter will be announced separately

CGGVeritas announced today its non-audited third quarter 2012 consolidated1 results. All comparisons are made on a year-on-year basis unless stated otherwise. Third quarter results Revenue totaled $855 million, up 7% Operating income increased by 17% to $114 million, a 13% margin Services operating income was at $62 million, a 10% …

The share capital increase through the distribution of preferential subscription rights to existing shareholders launched by Compagnie Générale de Géophysique – Veritas (CGGVeritas) on 26 September to fund the acquisition of the businesses of the Geoscience division (excluding multi clients library and OBN businesses) of Fugro (the “Geoscience Division”) has …

CGGVeritas announced today its non-audited second quarter 2012 consolidated1 results.  All comparisons are made on a year-on-year basis unless stated otherwise. Revenue at $831 million, up 11% Strong increase in Operating Income at $85 million, a 10% margin Services return to profitability Positive Outlook for 2012 confirmed Second Quarter 2012 …

CGGVeritas announced today the signature of a framework agreement with JSC SEVMORNEFTEGEOFIZIKA (SMNG) to form a strategic alliance. Together, CGGVeritas and SMNG intend to jointly address the growing Russian and CIS high-end seismic vessels market and coordinate their complementary capacities worldwide. SMNG is the largest marine geophysical company in Russia …

CGGVeritas provides its vessel utilization and its fleet allocation updates for the second quarter of 2012. Vessel utilization for the second quarter 2012:  The vessel availability rate1 was 91%.This compares to a 92% availability rate in the second quarter of 2011 and a 84% rate in the first quarter …

CGGVeritas announced today that it has been awarded a contract by Lundin Petroleum to conduct a survey of over 2,700 km2 with BroadSeis™, its broadband marine solution, using for the first time its broadband source option, BroadSource™. The survey of the Haugaland High in Quadrant 16 of the Norwegian sector …

Daniel Trad, Research Advisor at the CGGVeritas Calgary processing and imaging center, has been distinguished with the inaugural 2011 CSEG Technical Achievement Award Citation for his work on 5D interpolation. This citation is awarded to an individual who has made an outstanding technical contribution in the field of Canadian Geophysics …

CGGVeritas has increased its cable-free acquisition capacity to 20,000 Sercel UNITE channels on a large, 1,500-square-mile multi-client 3D land seismic survey  it is currently acquiring in Pennsylvania, USA. Whereas most land seismic data acquisition systems require a physical  connection to retrieve data, UNITE integrates a licence-free wireless connection  so that …

CGGVeritas announced its non-audited first quarter 2012 consolidated results. All comparisons are made on a year-on-year basis unless stated otherwise. Revenue at $787 million up 8% Operating Income at $54 million Strong Increase in Group Backlog  Positive Outlook for 2012 confirmed Effective January 1, 2012, CGGVeritas changed the presentation currency …