Agenda Introduction Seismic: A Key Technology for E&P sector CGGVeritas ESG issues Conclusion: From Compliancy to Sustainable Strategy Annexes 2
Introduction What are seismic technologies Seismic technologies image the invisible Equivalent of the ultrasounds used for medical imaging Using acoustic energy and analyzing reflected waves in water and on land Imaging a…
CGGVeritas: A Fully Integrated Seismic Provider 2011 Revenue Breakdown 15% Equipment: Sercel, the industry leader 28% 14% Leadership based on technology and installed base 3.2B 12% Excellent financial performance expected to…
Key 2011 Financial Figures Capex : 626 million Revenue : 3.2 billion Employees : 7 264 worldwide Opinc : 210 million Group Net debt at 1.411 billion EBITDA : 852 million Breakdown of Revenues By Clients Breakdown of Revenues…
Agenda Introduction Seismic: A Key Technology for E&P sector CGGVeritas ESG issues Conclusion: From Compliancy to Sustainable Strategy Annexes 6
Seismic: A Key Technology for E&P sector Strong E&P challenges Reserve replacement remains low Reservoirs continue to mature Exploration is increasingly difficult End of easy oil: challenging Excluding : Iraq, Nigeria and…
Seismic: The Benefits of Seismic Technology for Exploration Lowering the cost of exploration Exploration Success Rates: from 10% to 50% Reducing drilling costs While mitigating drilling risks Source: Barclays Research Source :…
Seismic: The Benefits of Seismic Technology for Production Sustainable management of Reservoirs Optimizing Reservoir Production Permanent Monitoring of Reservoirs Extending the life of field Limiting environmental footprint…
Seismic: The Benefits of Seismic Technology for Unconventional Resources Key issues Unconventional gas is required to offset declining conventional resources European and Asian economies are turning to unconventional gas to reduce…
Seismic: The Benefits of Seismic Technology for New Sensitive Exploration Zones A Run for the Arctic resources Global warming is opening new business and economic opportunities Potential of 30% and 13% worldwide reserve in oil and…
Agenda Introduction Seismic: A Key Technology for E&P sector CGGVeritas ESG issues Conclusion: From Compliancy to Sustainable Strategy Annexes 12
CGGVeritas ESG issues: Long Term Management of the Complexity of our Diversified Activities Addressing specific issues Marine Acquisition Land Acquisition Processing Sercel Floating Construction IT business Industrial Plant issues…
Stringent HSE standards: Key for Operational Success Integrated Management System supported by a dedicated organization 120 correspondents across the world Regular Monitoring of Local Practices through audits HSE audits including…
Risk Management: Identify, Manage and Mitigate risks Structured and disciplined approach to assessing and managing the uncertainties that the Group faces Each risk is linked to a corporate governance issue and monitored by its…
Local Commitment for the Economic Development of the hosting Countries Permanent operations Land operations in 2011 Local employment & Local purchase Canada: 99% Norway: 93% UK: 98% Favoring local employment especially for USA:…
Environment & Biodiversity Impact: Going Beyond Regulation Environment Policy Tailored Environmental Risk Assessment & Environmental Management Plan Promote environmental best practices Train, inform and mobilize employees…
Marine: Fleet Upgrade & Future Outlook 2 to 4 streamers 8 streamers 10 streamers 2/3D Princess Pacific Finder Amadeus Viking II Vantage Viking 12+ streamers Vessel Profile 2 New X-Bow vessels meeting DNV-Clean Notation…
Innovation: Human Capital People: Key success driver 81% of senior executives and engineers in the Services Promotion of experts Participation in educational programs organized by SEG and the EAGE Sponsorship of geophysical projects…
Innovation: Human Capital RH priorities: Attract and retain talents Recruitment: long-term relationships with schools and universities worldwide Significant intern mobility opportunities Identification of key potentials Competitive…
Agenda Introduction Seismic: A Key Technology for E&P sector CGGVeritas ESG issues Conclusion: From Compliancy to Sustainable Strategy Annexes 21
We Apply our own Standards Based on the Industry Standards (OGP and IAGC) Example: Regional Marine Mammal Mitigation Guidelines Implemented During Seismic Surveys: Some countries have defined Guidelines and others dont: problems of non…
We Launch Initiatives to Go Beyond Regulation Protect the hosting countries wealth Participation of Ethnologists and Biologists to our surveys Marine: Reducing Fuel Consumption Evaluating the potential of an organic additive…
Conclusion Our SD strategy based on 80 years of experience is recognized by clients, local population, employees and investors. We are committed to respect our sustainable roadmap in reducing our footprint and going along with our…
Agenda Introduction Seismic: A Key Technology for E&P sector Our ESG issues Conclusion: From compliancy to sustainable strategy Annexes 25
Annexes Summary of the Oil and Gas Field Development Lifecycle 1. Seismic Equipment & Services -Land & Marine data acquisition -Data Processing 4% of E&P budget (16bn) 2. Contract Drilling 3. Drilling-Related Products &…
Annexes Sustainable commitment history 1931 2007 2008 2009 2010 2011 2012 1st Communication Launch of the 3rd Communication On Progress 1st SD report Foundation On Progress of CGG Creation of CGG became HSE & SD Committee…
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