Compagnie Générale de Géophysi (CGV)

Compagnie Generale de Geophysique-Veritas S.A., through its subsidiaries, provides geophysical services principally to the oil and gas exploration and production industries. Its services include seismic data acquisition; and processing, imaging, and interpretation of geophysical data, data management, and reservoir studies. The company also offers Hampson-Russell software, which delivers interpretive solutions and enables geophysicists to access sophisticated technology. In addition, it manufactures land, marine, and subsea data acquisition equipment. The company offers its products and services to customers in North America, South America, Europe, Africa, the Middle East, and the Asia Pacific. It has a strategic joint operating agreement with Offshore Hydrocarbon Mapping plc to work on developing controlled source electro magnetic imaging activities (CSEM), and seismic and CSEM integration opportunities. Compagnie Generale de Geophysique-Veritas S.A. was founded in 1931 and is headquartered in Paris, France.

For the six months ended 30 June 2006, Compagnie Generale de Geophysique's reveunes increased 64% to EUR635.4M. Net income totaled EUR42.6M, up from EUR7.3M. Revenues reflect higher income from Service segment due to increased price in marine market and increased income from Product segment. Net income also reflects improved operating margins in both Product & Service segment and the presence of gain on sale of asset vs. a loss.