Agenda Introduction A Strategic Move Strengthening CGGVeritas Sustainable Value in the E&P Chain CGGVeritas ESG issues Conclusion: From Compliancy to Sustainable Strategy Annexes 2
CGGVeritas in the E&P Value Chain Exploration Delineation Development Production Seismic model Static model Dynamic model Geosciences Seismic Equipment Data acquisition Processing Interpretation Reservoir Modeling…
What We are Buying Data Processing Exploration & Reservoir Equipment Acquisition & Imaging Appraisal Characterization De Regt Marine: Seismic Imaging Robertson Jason c.120 Geoteam 13 processing c.280 c.245 employees 7 vessels,…
Transforming CGGVeritas into a Fully Integrated Geoscience Company Geoscience Data Acquisition Equipment Processing & Imaging Marine Acquisition 16 vessels Processing & Imaging Three Mid Four High-End Class 12+ streamer 8 streamer…
CGGVeritas 2011 Key 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 Revenue By Clients Breakdown of…
Agenda Introduction A Strategic Move Strengthening CGGVeritas Sustainable Value in the E&P Chain CGGVeritas ESG issues Conclusion: From Compliancy to Sustainable Strategy Annexes 7
Oil & Gas Companies Exploration and Production Challenges Exploration Increasingly difficult with the end of easy oil: challenging environments increase the cost of exploration Production Rapid depletion of the reservoirs…
A Strategic Move Strengthening CGGVeritas Sustainable Value in the E&P Chain In combining Seismic and Geosciences technologies, CGGVeritas will contribute to : Lower the cost of exploration Reduce drilling costs and mitigate risks…
Agenda Introduction A Strategic Move Strengthening CGGVeritas Sustainable Role to Play in the E&P Value Chain CGGVeritas ESG issues Conclusion: From Compliancy to Sustainable Strategy Annexes 10
Focusing on the most Critical Issues: Launch of our ESG Materiality Matrix Materiality Opportunity for ESG Innovation 11
HSE & Security 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…
Policies & Code of Conduct, Corruption and SD Governance: 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…
Local Content & Local Communities: Contributing to 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…
Footprint & Ecoconception : Going Beyond Regulation Environment Policy Tailored Environmental Risk Assessment & Environmental Management Plan Promote environmental best practices Train, inform and mobilize employees Environmental…
Footprint & Ecoconception : Marine Future Outlook HIGH CAPACITY 3D MID CAPACITY 3D/2D 2D 15 high end vessels 6 mid end 3D vessels 2 dedicated 2D vessels Fugro Geo Coral Geo Celtic Geo Caribbean Geo Caspian Geo Pacific Geo Atlantic Geo…
Training & Equal Opportunity RH priorities: Attract and retain talents Recruitment: long-term relationships with schools and universities worldwide Significant intern mobility opportunities Identification of key potentials…
Agenda Introduction Seismic: A Key Technology for E&P sector CGGVeritas ESG issues Conclusion: From Compliancy to Sustainable Strategy Annexes 18
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 2011: Our SD strategy based on 80 years of experience is recognized by clients, local population, employees and investors. 2012: We are committed to respect our sustainable roadmap in reducing our footprint and going along…
Agenda Introduction Seismic: A Key Technology for E&P sector Our ESG issues Conclusion: From compliancy to sustainable strategy Annexes 21
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…
CGGVeritas ESG Issues: Long Term Management of the Complexity of our Diversified Activities Addressing specific issues Processing & Marine Acquisition Land Acquisition Sercel Geoscience Floating Construction IT business Industrial…
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…
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