CGG Veritas is a manufacturer of geophysical equipment, and a provider of a range of services (including seismic data acquisition and related processing and interpretation software) principally to clients in the oil and gas exploration and production industry. The Company?s operations are organized into two segments: Services and Equipment. The Company is a provider of data processing and imaging services, which it provides through a worldwide network of 28 open seismic data processing centers and 12 client-dedicated centers. It also offers the Hampson-Russell software. It has an installed base of more than 1400 licenses at over 500 petroleum and service companies worldwide. During the year ended December 31, 2008, Services accounted for 71% and Equipment accounted for 29% of its consolidated revenues. In January 2009, TGS-NOPEC Geophysical Company ASA sold all its 10.1% interest in Wavefield Inseis ASA to CGG Veritas.
