CGGVeritas Granted Seismic Permit in GOM

CGGVeritas has been granted a seismic permit in the Gulf of Mexico.

Based on the award of this permit, CGGVeritas is currently in discussions with various E&P companies operating in the Gulf of Mexico to finalize the design of a new multi-client program. The program will utilize BroadSeis, our breakthrough broadband marine solution, in a wide-azimuth configuration.

Subject to our standard prefunding considerations, the Gulf of Mexico program is targeted to commence in the fourth quarter of 2011.