Agenda Market and Company Overview A Focus on our Marine Plan Sercel From the Sensor to the Reservoir Model R&D and our Technology Differentiation The Plan of Action & Conclusions 2
Todays Market & Environment Global Oil Demand Energy demand at peak levels 90 88 Reserve replacement remains low 86 Mb/d Exploration is increasingly difficult 84 Reservoirs continue to mature 82 80 E&P increases to…
Todays Market & Environment Seismic Market (bn) Seismic spend expected to grow faster than E&P spend Equipment market expected to be up 5% in 2011: benefited early 16.8 14.2 and remains strong, driven by 13.7 13.2 11.1…
Seismic Market Growth Drivers Demand: Globally Diverse and Technology Driven Arctic Exploration Technology 4D & Refresh Unconventional Permanent Monitoring Mature Technology Shale Gas Carbonate Refresh Reservoirs Complex…
CGGVeritas: Uniquely Addresses the Challenges A history of innovation leadership Leading market positions Across most Divisions Across the E&P workflow Worldwide and local markets With long-term client partnerships A unique…
CGGVeritas Pioneering Solutions Offer: The only company that meets global diverse demand Specialized Technology & HSE Sercel 428 Microseismic Fiber Optic SeisMovieTM Life of the Field Hampson-Russell Ultra-High Sercel 428…
CGGVeritas Pioneering Solutions Offer: The only company that meets global diverse demand Specialized Technology & HSE Sercel 428 Microseismic Fiber Optic SeisMovieTM Life of the Field Hampson-Russell Ultra-High Sercel 428…
CGGVeritas Pioneering Solutions Offer: Subsalt Illumination salt Specialized Technology & HSE Sercel 428 Microseismic Fiber Optic Life SeisMovie of the Field Hampson-Russell Ultra-High Sercel 428 Channel Counts Wide…
CGGVeritas Pioneering Solutions Offer: Carbonate Reservoir Characterization Specialized Ultra High-Resolution / Productivity Technology & HSE Sercel 428 Microseismic Fiber Optic Life SeisMovie of the Field Hampson-Russell…
CGGVeritas Pioneering Solutions Offer: Unconventional Reservoir Characterization / Fracture Analysis Specialized Hampson-Russell Software and Services Technology & HSE Sercel 428 Microseismic Fiber Optic Life SeisMovie of the…
CGGVeritas Pioneering Solutions Offer: Permanent Monitoring Specialized Technology & HSE Sercel 428 Microseismic Fiber Optic Life SeisMovie of the Field Hampson-Russell Ultra-High Sercel 428 4D Channel Counts SAGD Wide…
Leadership: In Most Segments Sercel with over 60% market share and leading profitability Processing & Imaging innovation leadership with over 35% market share 13
Leadership: In Challenging Environments HSE Excellence Unrivaled position and leadership in the Middle East Unique technology and expertise a dominant position in the Arctic 14
Leadership: Across Exploration and Production Gulf of Mexico: Tiber Jack Kaskida Julia Great White Big Foot The most recent, high-end data library generating many of the latest large discoveries Oil Water Injection…
A History of Innovation Firsts for CGGVeritas Wide Azimuth Acquisition Nautilus Sercel 428 3D Innovation V1 Creation of Sentinel CGGVeritas Sercel 408 2D Innovation HPVA 1930 1940 1950 1960 1970 1980 1990 2000 2010…
There are Factors That Must be Addressed External factors Uncertainties in the Gulf of Mexico Shift from conventional to unconventional in N. America Overcapacity in the Marine market Internal factors Our overall costs base is…
18
Fully Leveraging our Advantages Focused on three strategic initiatives Operational Performance Technology and Commercial Differentiation Cost Reduction 19 December 16th, 2010 Capital Market Day
Operational Performance: A Step Change Marine Three strategic initiatives to close the Operating Income Gap Reduce maritime non-quality costs Reduce cost base and seismic non-quality costs Leverage our differentiators And,…
Operational Performance: A Step Change Data Library Limit further exposure in: Conventional North American gas market Conventional Gulf of Mexico lower-end market Develop global positions in promising basins and non-conventional…
Technology Differentiation: Full Advantage Processing Equipment Marine Land Reservoir Data Library Unite X-Bow Vessels HPVA CBM Wide-Azimuth Nautilus Variable Depth V1 RTM Gathers Santos Cluster SeaRay Arctic Expertise EmphaSeis…
BroadSeis: Innovation Across All Divisions Courtesy of Total, the Republic of Gabon and Cobalt Equipment Division Marine Division Processing, Imaging Ultra low noise solid Acquisition with a & Reservoir Division Sentinel…
BroadSeis Benefits A Picture is Worth 1000 Words Conventionnal 24 December 16th, 2010 Capital Market Day
BroadSeis Benefits A Picture is Worth 1000 Words BroadSeis 25 December 16th, 2010 Capital Market Day
BroadSeis Benefits A Picture is Worth 1000 Words Conventionnal 26 December 16th, 2010 Capital Market Day
BroadSeis Benefits A Picture is Worth 1000 Words BroadSeis 27 December 16th, 2010 Capital Market Day
BroadSeis: A Stepping Stone for the Future A catalyst for future technology innovation Generalize broadband approach Full wave inversion New disruptive acoustic sources An opener of business opportunities across the full range…
Clearer Reservoir Characterization Dukhan Field (Qatar) CGGVeritas delivered High-Resolution data for Reservoir Characterization Identifying the static and dynamic rock and fluid characteristics Assessing uncertainties Further…
Expand Further in the Value Chain: Maximize production & reduce risk in unconventional shale reservoirs A mixture of water, sand and chemical agents is injected at high pressure in the well 0 ft Sand keeps The challenge:…
Cost Reductions: Four Strategic Axis A focused and lean organization Reduce SG&A Optimize supply chain Reduce costs, and particularly the cost of non-quality 31
A Focused and Lean Organization 32
In Summary Cost reductions and performance enhancements will lead to a positive impact on operating income expected to reach 150 million by end 2012 Cost reductions estimated at 75 million driven by: Streamlined organization SG&A…
Fully reap the advantages of our unique portfolio 34 December 16th, 2010 Capital Market Day
Loading...
