6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a- 16 or 15d- 16 of
the Securities Exchange Act of 1934
For the month of July 2007
CGG Veritas
Tour Maine Montparnasse 33 Avenue du Maine BP 191 75755 PARIS CEDEX 15 (address
of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82
CGG Veritas and OHM enter into a Strategic Alliance
CGG Veritas to acquire a 15 per cent interest in OHM
(ISIN: FR0000120164 NYSE: CGV)
Paris, July 18, 2007
CGG Veritas is delighted to announce that it has entered into a strategic operating alliance with
Offshore Hydrocarbon Mapping plc (OHM) under which both companies will jointly develop the
global market for Controlled Source Electromagnetic imaging (CSEM) and capitalise on seismic
and CSEM integration opportunities.
In addition, CGG Veritas has entered into an agreement to acquire 15 per cent of OHMs share
capital at a price of 240 pence per share.
These agreements are conditional on OHMs shareholders approval.
Both companies will benefit from this operating alliance as it will provide CGG Veritas with
access to the CSEM technology, and OHM with an immediate access to the marketing and operational
network of a world leader of the seismic industry. Research has shown that there is potentially
highly valuable information to be gained from the combination of seismic and CSEM datasets as
these technologies make complementary measurements which, when properly combined, can lead to
quantitative measurement of important rock and fluid properties such as permeability and
hydrocarbon saturation. CGG Veritas believes the combination of seismic and CSEM data will be of
significant value to oil companies in managing their reservoirs and in enhancing recovery from
their subsurface reserves.
Robert Brunck, Chairman and CEO of CGG Veritas commented:
CGG Veritas has recognized the potential of ElectroMagnetic (EM) technology since its early days
and has been very interested by OHMs rapid technological developments and industrial track record.
We believe that EM technology will continue to develop in the coming years as a recognized
hydrocarbon presence confirmation tool and become a natural complement to seismic technology. We
are confident that this strategic alliance will allow our two companies to strengthen our
complementary activities and better serve our customers through our wide range of imaging
technologies.
Dave Pratt, CEO of OHM commented:
I am particularly delighted to work jointly with CGG Veritas in a cooperation that will
accelerate our market penetration and further develop our business, while improving the E&P
performance of our clients as Seismic and EM imaging will be increasingly combined.
About CGG Veritas:
CGG Veritas (www.cggveritas.com) is a leading international pure-play geophysical company
delivering a wide range of technologies, services and equipment through Sercel, to its broad base
of customers mainly throughout the global oil and gas industry.
CGG Veritas is listed on the Eurolist of Euronext Paris SA (ISIN: FR0000120164) and the New York
Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).
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About OHM:
Offshore Hydrocarbon Mapping (www.ohmsurveys.com)
is a leading provider of Controlled Source
Electromagnetic imaging (CSEM) services, including surveying, data processing, and data
interpretation services to the offshore oil industry. OHM is a public limited company whose shares
are traded on the Alternative investment Market of the London Stock Exchange under the symbol
OHM. The main offices are in Aberdeen.
Originally formed in 2002 as a spinout from the UKs prestigious National Oceanography Centre with
venture capital funding, OHM has completed in excess of 50 CSEM surveys spanning four continents as
well as numerous reprocessing and interpretation projects using data collected by third parties.
Contacts Investor Relations:
Paris: Christophe Barnini Tel.: +33 1 64 47 38 10 invrelparis@cggveritas.com
Houston: Hovey Cox Tel.: (1) 832 351 8821 invrelhouston@cggveritas.com
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
CGG Veritas
33 avenue du Maine BP 191
75755 PARIS CEDEX 15
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Date: July 18th, 2007 |
By /s/ Gerard CHAMBOVET
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Gerard CHAMBOVET |
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Senior EVP |
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