CGGVeritas Invests $120,000 USD in the Geoscientists Without Borders® Program

Tulsa, OK (10 February 2011) — CGGVeritas has announced a $120,000 USD investment in the SEG Foundation for the Geoscientists Without Borders® program.

SEG Foundation awards grants through the Geoscientists Without Borders® program to not for profit organizations for humanitarian projects that may include locating fresh water supplies, pollution remediation, natural hazard mitigation, sustainable resource development and related education. Humanitarian applications of geoscience technology are emphasized. Through such projects, the program aims to promote interaction of academic and industrial concerns in a broad and diverse manner, particularly by involving students in the geosciences.

According to Jean-Georges Malcor, CEO of CGGVeritas: "We are actively committed to conducting our business in accordance with the principles of sustainable development, respecting the environment and strengthening the communities in which we live and work. We are proud to support Geoscientists Without Borders®, a humanitarian program that can transform lives in developing and vulnerable communities while promoting the importance of geophysics beyond the realm of oil and gas. At CGGVeritas our young professionals created a Sustainable Development Think Tank, an innovative approach to further strengthen our sustainability, and they will take an active role in guiding this important partnership with the SEG Foundation."

"As scientists, we have a love for finding answers and strive during our careers to use our research for beneficial activities," said Alexander Mihai Popovici, committee chair of Geoscientists Without Borders®. "It is great to see both these passions come together, bringing basic human rights and the benefits of science to people who need it."

Geoscientists Without Borders® was initiated in early 2008. "Today we have projects actively under way in Thailand, Indonesia, India, Honduras, Australia, Jamaica, Romania, South Africa and Greece. The number of worthy applications has been increasing each year. We congratulate CGGVeritas on joining with the SEG Foundation to help make the world a better place," said Bill Barkhouse, SEG Foundation Board chair.

More information regarding the grant opportunities and projects under this program is available at http://seg.org/gwb.
CGGVeritas also sponsors the SEG Student Membership program and the SEG Distinguished Lecturer program.

About SEG
The Society of Exploration Geophysicists (www.seg.org), the international society of applied geophysics, is a not-for-profit organization that promotes the science of geophysics and the education of applied geophysicists. SEG fosters the expert and ethical practice of geophysics in the exploration and development of natural resources, in characterizing the near surface, and in mitigating Earth hazards. The Society, which has more than 32,000 members in 138 countries, fulfills its mission through its publications, conferences, forums, Web site, and educational opportunities.

About CGGVeritas
CGGVeritas (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. CGGVeritas celebrates its 80th anniversary this year and has a recognized track record of technological leadership in the science of geophysics.  CGGVeritas has a total workforce of over 7,000 staff operating worldwide, including Sercel.