CGGVeritas Information & CGGVeritas Links at HealthHaven.com

Compagnie Générale de Géophysique - Veritas S.A.
Type	Public (Euronext: GA, NYSE: CGV)
Founded	2007
Headquarters	Tour Montparnasse, Paris, France
Area served	Global
Key people	Robert Brunck (Chairman of the board and CEO)
Industry	Oil services
Products	Geophysical services
Revenue	€2.603 billion (2008)
Operating income	▲ €540.6 million (2008)
Profit	▲ €332.8 million (2008)
Employees	8,470 (2008)
Website	www.cggveritas.com

CGGVeritas is a French-based geophysical services company, resulting from the 2007 combination of Compagnie Générale de Géophysique (CGG) and Veritas DGC Inc.

[edit] History

[edit] CGG

CGG was founded in 1931 by Conrad Schlumberger and acquired its first seismic survey in 1932. In 1966, CGG opened its first seismic data processing center in Massy, France.

[edit] Veritas DGC

Digital Consultants Inc. was established in Houston, Texas in 1965 with a vision to apply digitial computing to the geophysical industry. In 1969, Digital Consultants reincorporates as Digicon Inc. (DGC), becoming a public company on the American Stock Exchange. Digicon provided both seismic acquisition and seismic processing services.

In 1974, Veritas Energy Services, a geophysical services company, was established in Calgary, Canada with the purchase of Rafael B. Cruz and Associates Ltd. by D. B. Robson.

In 1996, Veritas DGC was formed from Digicon and Veritas.

[edit] Merger

In 2007, CGG took over Veritas DGC and changed its name to CGGVeritas.^[2]

[edit] Recent

CGG got 2 major projects done by a leading company named Goltens. These included a 12-week turnkey installation and fabrication job for a seismic newbuild and a main engine and steel repair for its Orion seismic vessel

[edit] Activities

CGGVeritas activities range from acquisition on land/shallow water, deep water, seabed, borehole and near-surface to processing and interpretation of seismic data and well-logs. The company is known in the geophysical industry for its strict adherence to HSE protocols.^{[citation needed]}

[edit] Notes

^ ^a ^b ^c ^d "Annual Report 2008" (PDF). CGGVeritas. http://www.cggveritas.com/data//1/rec_docs/984_CGGVeritas_AR08_Eng.pdf. Retrieved 2009-09-06.
^ "With Merger Complete, 'CGGVeritas' Moves Forward". January 15, 2007. http://www.rigzone.com/news/article.asp?a_id=40074RigzoneMerger. Retrieved 2008-08-27.

[edit] External links

Official website

Companies portal

[AR2008-0] "Annual Report 2008" (PDF). CGGVeritas. http://www.cggveritas.com/data//1/rec_docs/984_CGGVeritas_AR08_Eng.pdf. Retrieved 2009-09-06.

[Merger_Rigzone-1] "With Merger Complete, 'CGGVeritas' Moves Forward". January 15, 2007. http://www.rigzone.com/news/article.asp?a_id=40074RigzoneMerger. Retrieved 2008-08-27.

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