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CGGVeritas results from the combination of Compagnie Générale de Géophysique (CGG) and Veritas DGC Inc. (Veritas) in early 2007. Those two companies were pioneers in the advancement of geophysical exploration going back all the way to 1931.
Here are a few highlights of the historical steps our Company has taken to become CGGVeritas today:
2010s |
|
2011 |
CGGVeritas celebrates its 80th anniversary. |
2010 |
Launch of BroadBand Seismic technology for recording broader bandwidths. |
2000s |
|
2009 |
CGGVeritas acquires Wavefield Inseis, a Norwegian pure-play seismic company. |
2008 |
Record year, with net income at $503M and all financial objectives achieved. |
2007 |
CGG and Veritas combine to create CGGVeritas, a leading global geophysical services and equipment company. |
2006 |
CGG celebrates its 75th anniversary. CGG and Veritas DGC enter into a definitive merger agreement. |
2005 |
Veritas DGC celebrates its 40th anniversary and acquires Hampson-Russell seismic interpretation software group. Veritas DGC builds new Global Processing Facility (powered by 64-bit AMD Opteron™ dual-core processors) in Houston, doubling its seismic data processing power. CGG launches Eye-D reservoir solutions service, and acquires Exploration Resources, increasing its fleet to 13 vessels. |
2004 |
CGG launches WaveVista, wave equation depth imaging software. Sercel buys Thales Underwater Systems, Orca Instrumentation and Createch Industrie. David B. Robson retires from Veritas DGC; Thierry Pilenko takes over as Chairman and CEO. |
2003 |
Sercel acquires Sodera, one of the main suppliers of airguns. |
2002 |
CGG’s Kuala Lumpur data processing center becomes one of the Company’s three main regional hubs, after London and Houston. |
2001 |
CGG purchases two seismic survey vessels and multi-client data from Aker Maritime. |
2000 |
Veritas opens new headquarters building in Houston, U.S.A. and installs three more Data Visualization Centers in Crawley, U.K., Calgary, Canada, and Perth, Australia. |
1990s |
|
1999 |
Robert Brunck becomes Chairman and CEO of CGG. Sercel acquires Syntron, market leader in marine geophysical equipment. Veritas DGC acquires Time Seismic Exchange, a growing land seismic data library company in Canada, and Guardian Data Systems, a data archiving and transcription company based in Australia. |
1998 |
CGG carries out offshore surveys in the Gulf of Mexico. Veritas DGC vessel, the SR/V Veritas Viking, sets record by towing the industry's first 12,000-meter streamer. Veritas DGC installs industry-first, new-generation Data Visualization Center in Houston, USA. |
1997 |
CGG is listed on the New York Stock Exchange. Veritas DGC acquires Rees Geophysical (a land seismic acquisition company) in Oman. |
1996 |
Digicon and Veritas combine to form Veritas DGC Inc. which immediately upgrades its asset base, installing new HP and SUN computer systems and an NEC SX-4 supercomputer to enhance data processing capabilities. |
1994 |
CGG carries out first 4D seismic surveys. Digicon becomes the first geophysical company to offer pre-stack time migration (3D MOVES). |
1993 |
CGG launches 3D seismic vessel ‘Harmattan’, able to tow five streamers. Veritas, now employing about 450 staff, goes public on the Toronto Stock Exchange. |
1992 |
Veritas launches 'SAGE' data processing system, probably the most advanced production processing system available at this time. |
1980s |
|
1988 |
Digicon launches Massively Parallel Processing (MPP) initiative, including development of new SeismicTANGO data processing system to replace DISCO. |
1987 |
Digicon records its first non-exclusive 3D marine data library program (in Mobile Bay, Gulf of Mexico). Hampson-Russell Software is founded in Calgary, Canada. |
1984 |
In Massy, CGG installs the largest computer of the time, the Cray 1S. |
1983 |
Digicon opens new data processing center in Brisbane, Australia - a significant expansion into new Asia Pacific markets. |
1982 |
Veritas processes the industry's first-ever 3D seismic survey in Canada. |
1981 |
CGG listed on Paris Stock Exchange and introduces combo crews (combined vibroseismic-explosive crews). Digicon employee John Sherwood invents DMO (Dip Move Out) data processing technique. |
1980 |
Digicon develops and markets ‘DISCO’ seismic data processing software running on DEC's VAX 11/780 computer system. |
1970s |
|
1979 |
Digicon deploys the geophysical industry's first-ever digital marine seismic streamer - the DSS-240. Digicon becomes the first geophysical company to offer commercial depth migration. |
1978 |
Veritas purchases FPS (Floating Point Systems) CPUs to replace Array Processors, achieving substantial increase in processing speed. CGG performs first 3D survey in the North Sea. |
1977 |
CGG opens data processing center in Houston, USA. |
1976 |
CGG opens data processing centers in London, UK, and Denver, USA. |
1974 |
In Calgary, Rafael B. Cruz & Associates Ltd. is purchased by David B. Robson and renamed Veritas, the Latin word meaning "truth". |
1971 |
CGG introduces 3D seismic exploration with "wide-line profiling" and is the first contractor to tow three parallel streamers. Digicon opens second overseas data processing center in East Grinstead, U.K. |
1970 |
Now with approximately 300 employees worldwide, Digicon opens its first overseas data processing center in Singapore. |
1960s |
|
1969 |
CGG develops a "migration" processing algorithm. Digital Consultants reincorporates as Digicon Inc. and goes public on the American Stock Exchange. |
1968 |
In Calgary, CGG opens first data processing center outside France. Sercel launches the SN 328 (48-trace digital amplifier). |
1967 |
CGG installs EMR computers. Digital Consultants deploys its first land seismic crew. |
1966 |
CGG opens first seismic data processing center in Massy, France. Digital Consultants install state-of-the-art SDS-9300 computer that allowed multi-trace, multi-task programming without tape output. First marine project - QC work onboard two wooden-hulled marine seismic vessels in the North Sea, where WWII mines were still drifting! |
1965 |
Digital Consultants Inc. is founded in Houston by six engineers and geophysicists who share the vision of bringing evolving digital computing technology to the geophysical industry - a new concept. The Company carries out its first data interpretation job in the North Sea. |
1964 |
Early days of single-vessel seismic exploration. |
1963 |
Introduction of "deconvolution" in data processing. |
1962 |
SMG is renamed Sercel and introduces the AS 626 (24-trace transistor amplifier). |
1960 |
CGG uses "multiple coverage" technology to analyze traces, and develops "Dropter", the first non-explosive seismic source technique. |
1950s |
|
1958 |
Dual-vessel seismic exploration. |
1956 |
SMG is created as an offshoot of the electronics department of CGG. |
1954 |
CGG buys its first IBM 604 computer and acquires an MT4 analogue computing center (for processing field data). |
1953 |
CGG becomes a limited liability company. Discovery of reserves at Parentis, France. |
1940s |
|
1949 |
French crews survey the Gabon forest on behalf of SPAEF. |
1947 |
First seismic surveys in the Aquitaine basin [France]. |
1930s |
|
1932 |
First CGG survey in West Africa. |
1931 |
Compagnie Générale de Géophysique (CGG) is founded. Marcel Champin becomes Chairman. |
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