Sercel Company News

Sercel has confirmed the successful deployment of its new satellite-positioned DSUGPS sensor on its first commercial seismic project.

CGGVeritas is confident that acquisition of its 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.

CGGVeritas' subsidiary Sercel was awarded a contract by Comesa for the purchase of a Unite cable-free system that will be used to carry out multiple seismic projects for Pemex in southern Mexico.

CGGVeritas has announced that its subsidiary Sercel has entered into a private transaction to purchase all existing shares in Quest Geo Solutions Limited, a UK-based software company, for a cash consideration.

Total revenue for Sercel was EUR189 million ($282 million), down 8% in EUR and up 5% in US dollars.

CGGVeritas on Thursday announced CGG's fourth-quarter and full-year 2006 unaudited financial results, the merger with Veritas becoming effective in 2007.

CGGVeritas on Wednesday posted unaudited consolidated revenues for CGG in 2006 (prior to the Veritas merger) of EUR1,330 million ($1,670 million), an increase of 53% in euro terms and 54% in dollar terms.

Compagnie Generale de Geophysique-Veritas (NYSE: CGV ; formerly GGY) on Monday announced the completion of the merger between Veritas DGC Inc. (NYSE: formerly VTS) and a subsidiary of Compagnie Generale de Geophysique on January 12, 2007.

Sercel has acquired all the outstanding shares in Vibration Technology Limited in a private transaction, for a cash consideration.

As part of Cybernetix’s management effort to balance its industrial shareholding structure, Sercel has acquired shares of Cybernetix held by Comex and its management.

Compagnie Generale de Geophysique's subsidiary, Sercel, has acquired two French technology companies through private transactions.