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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a- 16 or 15d- 16 of
the Securities Exchange Act of 1934
Pursuant to Rule 13a- 16 or 15d- 16 of
the Securities Exchange Act of 1934
For the month of January 2009
CGG-Veritas
Tour Maine Montparnasse — 33 Avenue du Maine – BP 191 — 75755 PARIS CEDEX 15 (address of
principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82
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CGGVeritas Provides Vessel Utilization
Update for the Fourth Quarter 2008
Update for the Fourth Quarter 2008
PARIS, France – January 13th 2009
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) provides its vessel utilization and its fleet allocation
updates for the fourth quarter of 2008.
Vessel utilization for the fourth quarter 2008:
§ The vessel availability rate1 was 91%, this compares to a 98% availability rate
sequentially and an 85% rate in the fourth quarter 2007.
§ The vessel production rate2 was 89%, this compares to a 90% production rate
sequentially and an 89% rate in the fourth quarter 2007.
During the second half of 2008, the vessel availability and production rates were respectively 94%
and 90%, in line with expectations.
Fleet allocation update for the fourth quarter 2008:
During the fourth quarter of 2008, our 3D vessels were allocated 80% to contract and 20% to
multi-client programs, a decrease in multi-client investment this quarter, as planned.
Moreover, good sales of multi-client offshore Brazil and wide azimuth contrasted with lower library
sales of narrow azimuth data in the Gulf of Mexico.
| 1 | - The vessel availability rate, a metric measuring the structural availability of our vessels to meet demand; this metric is related to the entire fleet, and corresponds to the total vessel time reduced by the sum of the shipyard time and the steaming time (the “available time”), all divided by total vessel time; | |
| 2 | - The vessel production rate, a metric measuring the effective utilization of the vessels once available; this metric is related to the entire fleet, and corresponds to the available time reduced by the operational downtime, all then divided by available time. |
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About CGGVeritas
CGGVeritas (www.cggveritas.com) is a leading international pure-play geophysical company
delivering a wide range of technologies, services and equipment through Sercel, to its broad base
of customers mainly throughout the global oil and gas industry. CGGVeritas is listed on the
Euronext Paris (ISIN: 0000120164) and the New York Stock Exchange (in the form of American
Depositary Shares, NYSE: CGV).
Investor Relations Contacts:
| Paris: | Houston: | |
Christophe Barnini
|
Hovey Cox | |
Tel: +33 1 64 47 38 10
|
Tel: +1 832 351 8821 | |
E-Mail: invrelparis@cggveritas.com
|
E-Mail: invrelhouston@cggveritas.com |
The information included herein contains certain forward-looking statements within the meaning of
Section 27A of the securities act of 1933 and section 21E of the Securities Exchange Act of 1934.
These forward-looking statements reflect numerous assumptions and involve a number of risks and
uncertainties as disclosed by the Company from time to time in its filings with the Securities and
Exchange Commission. Actual results may vary materially.
THIS FORM 6-K REPORT IS HEREBY INCORPORATED BY REFERENCE INTO THE PROSPECTUS CONTAINED IN CGG
VERITAS’ REGISTRATION STATEMENT ON FORM S-8 (REGISTRATION STATEMENT NO. 333-150384) AND SHALL BE A
PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY
DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
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| SIGNATURES | ||||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Compagnie Générale de
Géophysique — Veritas has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: January 13th, 2009
| By | /s/ Gerard CHAMBOVET | |||
| Gerard CHAMBOVET | ||||
| Senior EVP QHSE, Career Development
& training, Communication and Audit |
||||
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