Management Report of the Board of Directors
MANAGEMENT REPORT OF THE BOARD OF DIRECTORS COMPAGNIE GENERALE DE GEOPHYSIQUE – VERITAS Fiscal year ended December 31, 2012 Compagnie Générale de Géophysique - Veritas A French Public Limited Company with registered capital of €70,556,890 Registered Office : Tour Montparnasse, 33, avenue du Maine, 75015 Paris, France 969 202 241 RCS PARIS 1. MAIN BUSINESS OF THE GROUP IN 2012 In 2012, the geophysical operations of the CGG Group were organized into two main segments of activity: Geophysical Services and Geophysical Equipment. The Geophysical Services segment covered four Divisions: Land: Land based, transition zone and seabed seismic contract data acquisition (“Contract Land acquisition” activity or the “Land Division); Marine: Marine based seismic contract data acquisition (“Contract Marine acquisition” activity or the “Marine Division”); Processing, Imaging & Reservoir: A broad portfolio of advanced geosciences technology, products and solutions for seismic data processing, imaging and reservoir management (“Processing, Imaging and Reservoir activity” or the “Processing, Imaging and Reservoir Division”); Multi-Client: The investment and sale (License) of marine and land CGG proprietary seismic surveys to multiple customers (the “Multi-Client activity” or the “Multi-Client Division”). The Geophysical Equipment segment corresponded to the “Equipment Division”, regrouping the activities of the subsidiaries of Sercel Holding SA, which covers the design, manufacture and marketing of land, marine and down-hole seismic data acquisition equipment. As from February 1, 2013, following the acquisition of Fugro Geoscience Division, a new operational structure has been put in place in order to align the management structure with the Group’s new size and development strategy. The Group is now organized around three Divisions (Equipment, Acquisition and Geology, Geophysics & Reservoir) including ten Business Lines and with six Group Functions and five Corporate Departments.
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