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 February 2011

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 __________

 

 

CGGVeritas Announces 2010 Fourth Quarter and Full Year Results

2010 Revenue at $2.9 billion, Operating Income of $220 million Before One-off

Charges

Strong Fourth Quarter with Revenue up 21% to $905 million

Operating Income Before One-off Charges up 118% to $120 million

and Free Cash Flow at $105 million

PARIS, France — February 25^th 2011— CGGVeritas (ISIN: 0000120164 — NYSE: CGV) Board of Directors approved on February 24, 2011 the 2010 financial statements of the Company, on which the independent auditors are in the process of completing their audit procedures. All comparisons stated here below are made on a year-on-year basis unless stated otherwise.

Fourth Quarter 2010 Results: a particularly strong performance

	•		Group revenue was $905 million, up 21% year-on-year and up 38% sequentially with robust activity in Sercel and very strong multi-client sales.
	•		Before one-off charges, Group operating income climbed to $120 million, increasing the margin to 13%:

	•		Sercel margins reached 36%, in an equipment market characterized by increasing demand for high resolution surveys.
	•		Services margin was 5% with strong year end multi-client sales, highlighting globally increasing interest for future exploration programs and the long term value of our wide azimuth data in the Gulf of Mexico.

	•		As announced on December 16th, our performance plan led to restructuring charges of $37 million and impairment of our multi-client library net book value by $94 million. After these one-off charges of $131 million, net income was a loss of $35 million.
	•		Up 31%, operational cash flow rose to $283 million. After capital expenditure and financial costs, our free cash flow was positive at $105 million.

2010 Results: reflect a strengthening seismic market and lingering marine overcapacity

•

Group revenue was $2.9 billion, down 7% from 2009:

	•		Sercel achieved excellent performance with sales up 17%.
	•		Services, which were impacted by events in the Gulf of Mexico and continued oversupply in the marine market, were down 12%. A low point was reached in the third quarter followed by a particularly strong seasonal effect in the fourth quarter.

•

Before one-off charges, group operating income was $220 million, a 8% margin:

	•		Sercel significantly strengthened and delivered a 29% operating margin.
	•		Services delivered a 2% operating margin.

	•		After one-off charges, net income was a loss of $59 million.
	•		2010 Free Cash Flow was negative at $108 million including $32 million related to the 2009 fleet adjustment plan.
	•		Net debt to equity ratio was 41%.
	•		Backlog was relatively stable year-on-year as we entered 2011 at $1.45 billion.

2010 Post Closing Events:

	•		Issuance of a €360 million 2016 convertible 1.75% bond on January 19th 2011.
	•		Completion of Norfield transaction: CGGVeritas became the full owner of the 3D Voyager, sold the 2D Venturer, and was no longer a shareholder of Norfield.

•

Beginning of the year marked by the evolution of security concerns in North Africa, piracy risks in the Indian Ocean and higher than usual operational maritime interruptions.

2011 Outlook:

•

E&P spending expected to grow in 2011 with exploration increasing significantly:

	•		Sercel: equipment market should grow around 5 to 10%.
	•		Services: contract market should be up around 15 to 20% in volume, progressively absorbing marine oversupply in the second half of the year.

•

Performance plan which is anticipated to generate $150 million in operating income by end 2012 will produce its first effects:

	•		A positive impact that should reach $75 million in 2011.
	•		Shipyard time and vessel upgrades are anticipated to impact utilization rates of the fleet early in the year, particularly in the first quarter, before progressively strengthening them going forward.

•

Group Capex expected to be around $600 million:

	•		Capex for multi-client targeted at $300 million in 2011. Prefunding should be around 80% for the full year.
	•		Multi-client amortization should be around 60% vs. 51% in 2010 given our increased onshore shale gas investments which are anticipated to be approximately 50% of multi-client Capex in 2011.

•

In this context and with constant marine pricing, we confirm the objective of generating positive free cash flow in 2011.

CGGVeritas CEO, Jean-Georges Malcor commented:

“I am pleased to announce that our results this quarter were above expectations based on sustained marine utilization, solid processing performance, particularly high Sercel deliveries and record level multi-client sales, confirming the positive market signs we saw last quarter.

For the year, our overall results reflected the continued challenging contract market conditions as the impact of marine overcapacity was prolonged by the dramatic reduction of Gulf of Mexico activity.

Looking forward, Sercel should continue to deliver excellent performance while Services should see the market strengthening and progressively absorbing marine oversupply in the second half of 2011.

With a focus on performance improvements, costs reduction and differentiation, both technological and commercial, we have launched an ambitious plan to significantly upgrade our fleet, commercialize our breakthrough marine broadband solution BroadSeis and strengthen our balance sheet as exemplified by our convertible bond issue.

With these plans and our continuous commitment to our clients, the motivation of our people, and our dedication to HSE across all activities, I am more confident than ever that we are building a solid foundation for the future”.

Fourth Quarter 2010 Financial Results

Fourth Quarter 2010 key figures

		Third Quarter				Fourth Quarter
In million $		2010				2010				2009
Group Revenue			656				905				748
Sercel			247				284				215
Services			461				651				562
Group Operating Income before restructuring costs and Impairment of intangible assets			27				120				55
Margin			4	%			13	%			7	%
Sercel			74				101				39
Margin			30	%			36	%			18	%
Services			-17				35				22
Margin			-4	%			5	%			4	%
Net Income before restructuring costs and Impairment of intangible assets			-33				53				5
Margin			-5	%			6	%			1	%
Net Income			-33				-35				-411
Cash Flow from Operations			82				283				215

Revenue

Group revenue was up 21% in $ and up 35% in € year-on-year. Sequentially, Group revenue was up 38% in $ mainly due to the increase of Sercel equipment deliveries and multi-client sales.

		Third Quarter				Fourth Quarter								Fourth Quarter
In millions		2010 ($)				2010 ($)				2009 ($)				2010 (€)				2009 (€)
Group Revenue			656				905				748				672				500
Sercel Revenue			247				284				215				210				144
Services Revenue			461				651				562				484				375
Eliminations			-51				-30				-29				-22				-19
Marine contract			173				207				173				154				110
Land contract			82				106				81				79				54
Processing			94				108				104				80				70
Multi-client			112				230				203				172				141
MC marine			77				178				164				133				114
MC land			35				52				39				39				27

Sercel

Year-on-year, revenue was up 32% in $ and 45% in €. Sequentially, revenue was up 15% in $. Operating margin increased 6 points to 36%, a particularly strong result. Deliveries of land channels increased sequentially 40% and marine equipment sales remained high with a 14% increase in streamer deliveries. Internal sales represented 11% of revenue.

Services

Year-on-year, revenue was up 16% in $ and 30% in €. Sequentially revenue was up 42% in $ and operating margin was 5% with strong multi-client sales and increased land and marine contract activity.

	•		Marine contract revenue was up 20% year-on-year in $ and 40% in € due to increased vessel utilization rates. Sequentially, revenue was up 20% in $ with vessel availability1 at 84% and production2 at 92% in the continued low priced market. 91% of the 3D fleet operated on contract, 9% on multi-client. During the quarter, we signed a term sheet with Petrovietnam Technical Services Corporation (PTSC) to create a 2D/3D marine joint venture to operate 2D and 3D marine seismic vessels, primarily in Vietnamese waters. The Endeavour and Master entered into shipyard for 4 months for engine and streamer configuration upgrades. The Vision transited from Gulf of Mexico to India.
	•		Land contract revenue was up 30% year-on-year in $ and up 46% in €. Sequentially revenue was up 29% in $ with higher activity in North America, both in the lower 48 and Canada, as well as in the Middle East and Latin America. The quarter was marked by an encouraging strong start of the Canada winter season, driven by oil sand multi-component projects. Also during the quarter we started jungle operations in Latin America and various 4D and microseismic projects.
	•		Processing & Imaging revenue was up 4% year-on-year in $ and up 15% in €. Sequentially revenue was up 16% in $ and profitability remained strong. Growing data volumes, client proximity and technology differentiation remain key drivers for future growth.
	•		Multi-client revenue was up 13% year-on-year in $ (22% in €) and up 104% in $ sequentially. This particularly strong performance was mainly fueled by high marine sales worldwide, including sales in the Gulf of Mexico and Brazil. Capex was at $57 million (€42 million) with a prefunding ratio of 146% confirming the long term value of our wide-azimuth data. The amortization rate averaged 47%, with 60% in land and 43% in marine. After a $94 million one-off adjustment to the Canadian and narrow azimuth Gulf of Mexico library, Net Book Value at the end of December was $603 million.

			Multi-client marine revenue was $178 million (€133 million), up sequentially 130% in $. Capex was $27 million (€20 million). Prefunding was $61 million (€45 million) corresponding to a very high prefunding rate of 223%. After-sales worldwide were very strong at $117 million (€88 million), a strong sequential increase globally highlighting the confidence of our clients in their 2011 exploration programs.
			Multi-client land revenue was $52 million (€39 million), up sequentially 47% in $. Capex this quarter was at $30 million (€22 million) reflecting our continued programs to extend our shale gas footprint in the Haynesville and Marcellus basins. Prefunding was $23 million (€17 million), or 77%. After-sales were $29 million (€22 million).

Group EBITDAs before restructuring and impairment was $326 million (€243 million), a margin of 36% compared to 33% in the fourth quarter 2009 and 24% in the third quarter 2010.

In millions / before		Third Quarter				Fourth Quarter								Fourth Quarter
Restructuring & Impairment		2010 ($)				2010 ($)				2009 ($)				2010 (€)				2009 (€)
Group EBITDAs			157				326				248				243				167
Margin			24	%			36	%			33	%			36	%			33	%
Sercel EBITDAs			86				115				51				85				34
Margin			35	%			41	%			24	%			41	%			24	%
Services EBITDAs			99				224				202				167				135
Margin			22	%			34	%			36	%			34	%			36	%

Group EBITDAs after restructuring and impairment was $294 million (€219 million).

Group Operating Income before restructuring and impairment was $120 million (€90 million), a margin of 13%, three times higher than in the third quarter 2010 mainly due to the excellent performance of Sercel and multi-client.

In millions / before		Third Quarter				Fourth Quarter								Fourth Quarter
Restructuring & Impairment		2010 ($)				2010 ($)				2009 ($)				2010 (€)				2009 (€)
Group Operating Income			27				120				55				90				35
Margin			4	%			13	%			7	%			13	%			7	%
Sercel Op. Income			74				101				39				75				26
Margin			30	%			36	%			18	%			36	%			18	%
Services Op. Income			-17				35				22				26				13
Margin			-4	%			5	%			4	%			5	%			4	%

Group Operating Income after restructuring and impairment was a loss of $11 million (€9 million).

Financial Charges

Financial charges were $36 million (€27 million).

Taxes

Taxes were positive at $9 million (€7 million) as a result of the activation of differed taxes.

Group Net Income before restructuring and impairment was $53 million (€40 million), compared to $5 million (€3 million) last year, resulting in an EPS of €0.25 per ordinary share and $0.34 per ADS.

Group Net Income after restructuring and impairment was a loss of $35 million (€26 million), compared to a loss of $411 million (€296 million) in the fourth quarter of 2009, resulting in an EPS of €-0.18 per ordinary share and $-0.24 per ADS.

Cash Flow

Cash Flow from Operations

Cash flow from operations increased 31% year on year to $283 million (€212 million).

Capex

Global Capex was $116 million (€85 million) this quarter.

	•		Industrial Capex was $59 million (€44 million)
	•		Multi-client Capex was $57 million (€42 million)

		Fourth Quarter
In million $		2010				2009
Capex			116				117
Industrial			59				58
Multi-client			57				58

Free Cash Flow

After financial interests paid during the quarter, free cash flow was positive at $105 million compared to $38 million in the fourth quarter of 2009.

Fourth Quarter 2010 Comparisons with Fourth Quarter 2009

Consolidated Income Statement		Third Quarter				Fourth Quarter								Fourth Quarter
In millions		2010 ($)				2010 ($)				2009 ($)				2010 (€)				2009 (€)
Exchange rate euro/dollar			1.266				1.329				1.482				1.329				1.482
Operating Revenue			656.3				905.0				747.8				672.4				499.9
Sercel			246.9				283.7				215.0				209.8				144.4
Services			460.8				651.3				561.8				484.4				374.8
Elimination			-51.1				-30.2				-29.1				-21.8				-19.4
Gross Profit			102.4				208.8				166.8				155.5				110.8
Operating Income			26.5				119.9				54.6				89.8				35.2
Sercel			74.0				101.0				38.8				75.1				25.6
Services			-16.5				34.7				22.4				26.2				13.2
Corporate and Elimination			-31.0				-15.8				-6.6				-11.5				-3.6
Net Financial Costs			-45.4				-36.4				-42.4				-27.0				-28.6
Income Tax			-13.0				-27.5				-6.9				-20.6				-3.6
Deferred Tax on Currency Translation			0.9				-6.1				-4.4				-4.7				-3.4
Income from Equity Investments			-1.5				3.4				4.3				2.6				3.0
Net Income			-32.6				53.2				5.2				40.2				2.6
Earnings per share (€) / per ADS ($)			-0.23				0.34				0.02				0.25				0.01
EBITDAs			156.8				325.6				248.3				242.9				166.6
Sercel			86.1				115.0				50.9				85.4				33.8
Services			99.2				223.6				201.9				166.8				135.0
Industrial Capex			106.9				59.3				58.4				43.6				38.7
Multi-client Capex			61.7				57.0				58.0				41.9				37.5

Fourth Quarter 2010 Key Figures

		Fourth								Fourth				Fourth								Fourth
		Quarter								Quarter				Quarter								Quarter
In millions		2010 ($)				variation				2009 ($)				2010 (€)				variation				2009 (€)
Group EBITDAs
Before restructuring costs			326				31	%			248				243				46	%			167
Margin			36	%							33	%			36	%							33	%
Restructuring cash costs			-32								-20				-24								-14
After restructuring costs			294				29	%			228				219				43	%			153
Margin			32	%							31	%			32	%							31	%
Group Operating Income
Before non-recurring			120				120	%			55				90				155	%			35
Margin			13	%							7	%			13	%							7	%
Restructuring cash costs			-37								-59				-28								-41
Intangible assets impairment			-94								-389				-70								-279
After non-recurring			-11				-97	%			-393				-9				-97	%			-285
Margin			-1	%							-53	%			-1	%							-53	%
Group Net Income
Before non-recurring			53				929	%			5				40				1458	%			3
Margin			6	%							1	%			6	%							1	%
Net restructuring costs			-26								-55				-19								-39
Net Intangible assets impairment			-62								-361				-47								-260
After non-recurring			-35				-92	%			-411				-26				-91	%			-296
Margin			-4	%							-55	%			-4	%							-55	%
Earnings per share (€) / per ADS ($)
Before non-recurring			0.34				1325	%			0.02				0.25				2500	%			0.01
After non-recurring			-0.24				-91	%			-2.73				-0.18				-91	%			-1.97

2010 Financial Results

Group Revenue

Group Revenue was down 7% in $ and 2% in € year-on-year, reflecting the strengthening performance of Sercel, up 17% in $ and the decrease in Services down 12% penalized by the impact of the Gulf of Mexico and by overcapacity in contract marine.

In millions		2010 ($)				2009 ($)				2010 (€)				2009 (€)
Group Revenue			2 904				3 109				2 186				2 233
Sercel Revenue			1 000				858				754				616
Services Revenue			2 083				2 379				1 567				1 708
Eliminations			-178				-127				-134				-91
Marine contract			778				1 078				585				774
Land contract			381				382				287				274
Processing			389				403				293				290
Multi-client			534				515				402				370
MC marine			388				414				292				297
MC land			146				102				110				73

Sercel

Sercel sales were up 17% in $ and 22% in €. Marine sales increased significantly due to Sentinel^® solid steamer demand for new builds and vessel upgrades for increased resolution surveys.

Services

Revenue was down 12% in $ and 8% in €. Challenging contract market conditions remained as overcapacity was prolonged by the reduction of activity in the Gulf of Mexico. The vessel availability rate for the full year 2010 was 88% and the production rate was 91%.

Multi-client revenue was up 4% in $ and 9% in € with Capex reduced 9% as planned in $ to $291 million (€219 million). The prefunding rate in 2010 was high at 85%, respectively 83% in marine and 90% in land. The amortization rate was 51%.

Group EBITDAs before restructuring and impairment was $824 million (€620 million), a margin of 28%.

In millions / before		YTD								YTD
Restructuring and Impairment		2010 ($)				2009 ($)				2010 (€)				2009 (€)
Group EBITDAs			824				992				620				716
margin			28	%			32	%			28	%			32	%
Sercel EBITDAs			341				228				257				164
margin			34	%			27	%			34	%			27	%
Services EBITDAs			580				834				436				599
margin			28	%			35	%			28	%			35	%

Group EBITDAs after restructuring and impairment was $792 million (€596 million).

Group Operating Income before restructuring and impairment was $220 million (€166 million), a margin of 8% and including the impact of non-current items such as disposal of assets and reduction of liabilities in the second quarter. Sercel delivered a strong operational performance with a 29% operating margin. Services operating margin was reduced to 2% impacted by low marine prices.

In millions / before		YTD								YTD
Restructuring & Impairment		2010 ($)				2009 ($)				2010 (€)				2009 (€)
Group Operating Income			220				309				166				222
Margin			8	%			10	%			8	%			10	%
Sercel Op. Income			290				186				219				134
Margin			29	%			22	%			29	%			22	%
Services Op. Income			37				203				28				146
Margin			2	%			9	%			2	%			9	%

Group Operating Income after restructuring and impairment was $89 million (€67 million).

Financial Charges

Financial charges were $140 million (€106 million).

Other financial income was $11 million (€9 million) following changes in the currency exchange rate.

Net Income before restructuring and impairment was $29 million (€22 million). EPS was €0.08 per ordinary share and $0.10 per ADS.

Net Income after restructuring and impairment was a loss of $59 million (€44 million). EPS was €-0.36 per ordinary share and $-0.48 per ADS.

Cash Flow

Cash Flow from Operations

Cash flow from operations was $598 million (€450 million).

Capex

Global Capex was $591 million (€445 million), stable year-on-year.

	•		Industrial Capex was $300 million (€226 million)
	•		Multi-client Capex was $291 million (€219 million)

		YTD
In million $		2010				2009
Capex			591				586
Industrial			300				267
Multi-client			291				319

Free Cash Flow

After financial interests paid during the year, free cash flow was negative at $108 million.

Balance Sheet

Group gross debt was $1.985 billion (€1.486 billion), at the end of December 2010.

Debt includes a capital lease of $102 million (€77 million) corresponding to the construction of new facilities for our services divisions in France.

With $449 million (€336 million), in available cash, Group net debt was $1.536 billion (€1.150 billion).

Net debt to equity ratio, at the end of December 2010, was 41%.

2010 Comparisons with 2009

Consolidated Income Statement		YTD								YTD
In millions		2010 ($)				2009 ($)				2010 (€)				2009 (€)
Exchange rate euro/dollar			1.329				1.392				1.329				1.392
Operating Revenue			2904.2				3109.2				2186.1				2233.2
Sercel			999.6				858.0				753.6				616.2
Services			2082.9				2378.5				1566.9				1708.4
Elimination			-178.3				-127.2				-134.4				-91.5
Gross Profit			588.7				738.3				443.1				530.2
Operating Income			220.2				309.2				165.7				222.2
Sercel			290.4				186.3				218.9				133.8
Services			37.4				203.3				28.2				146.1
Corporate and Elimination			-107.6				-80.3				-81.4				-57.7
Net Financial Costs			-128.9				-161.9				-97.0				-116.3
Income Tax			-52.1				-56.0				-39.3				-40.2
Deferred Tax on Currency Translation			-8.9				6.9				-6.6				5.0
Income from Equity Investments			-1.0				11.6				-0.7				8.3
Net Income			29.4				109.7				22.2				78.8
Earnings per share (€) / per ADS ($)			0.10				0.68				0.08				0.49
EBITDAs			824.3				991.8				620.5				715.8
Sercel			340.5				228.4				256.7				164.1
Services			579.8				833.7				436.1				598.8
Industrial Capex			300.1				266.9				225.9				191.8
Multi-client Capex			291.3				319.3				219.3				229.3

2010 Key Figures

In millions		2010 ($)				variation				2009 ($)				2010 (€)				variation				2009 (€)
Group EBITDAs
Before restructuring costs			824				-17	%			992				620				-13	%			716
margin			28	%							32	%			28	%							32	%
Restructuring cash costs			-32								-75				-24								-50
After restructuring costs			792				-14	%			917				596				-9	%			659
margin			27	%							30	%			27	%							30	%
Group Operating Income
Before non-recurring			220				-29	%			309				166				-25	%			222
margin			8	%							10	%			8	%							10	%
Restructuring costs			-37								-144				-28								-103
Intangible assets impairment			-94								-389				-70								-279
After non-recurring			89				-140	%			-224				67				-142	%			-161
margin			3	%							-7	%			3	%							-7	%
Group Net Income
Before non-recurring			29				-73	%			110				22				-72	%			79
margin			1	%							4	%			1	%							4	%
Net restructuring costs			-26								-110				-19								-79
Net Intangible assets impairment			-62								-360				-47								-259
After non-recurring			-59				-84	%			-360				-44				-83	%			-259
margin			-2	%							-12	%			-2	%							-12	%
Earnings per share (€) / per ADS ($)
Before non-recurring			0.10				-85	%			0.68				0.08				-84	%			0.49
After non-recurring			-0.48				-80	%			-2.44				-0.36				-79	%			-1.75

Other Information

•

Jean-Georges Malcor, CEO, will comment on the results today, February 25th, during a public presentation at 9:30 AM — at the Auditorium Etoile St Honoré — 21, 25, rue Balzac Paris 8ème.

•

An English language conference call is scheduled today February 25th at 3:00 PM (Paris time) — 2:00 PM (London time) — 8:00 AM (US CT) — 9:00 AM (US ET).

To take part in the English language conference, simply dial five to ten minutes prior to the scheduled start time.

• US Toll-Free		1 877 485 3104
• International call-in		1 201 689 8579
• Replay	1 877 660 6853 & 1 201 612 7415 — ACCT#356 — ID#365959

		You will be connected to the conference: “CGGVeritas Q4 & Full Year 2010 results”.
•		Copies of the presentation are posted on the Company website and can be downloaded.
•		The conference call will be broadcast live on the CGGVeritas website www.cggveritas.com and a replay will be available for two weeks thereafter.

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 is listed on the Euronext Paris (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).

Investor Relations Contacts
Paris:		Houston:
Christophe Barnini		Hovey Cox
Tel: +33 1 64 47 38 10		Tel: +1 (832) 351-8821
E-Mail: invrelparis@cggveritas.com		E-Mail: invrelhouston@cggveritas.com

The information included herein contains certain forward-looking statements within the meaning of Section 27A of the securities act of 1933 and section 21E of the Securities Exchange Act of 1934. These forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties as disclosed by the Company from time to time in its filings with the Securities and Exchange Commission. Actual results may vary materially.

THIS FORM 6-K REPORT IS HEREBY INCORPORATED BY REFERENCE INTO THE PROSPECTUS CONTAINED IN CGG VERITAS’ REGISTRATION STATEMENT ON FORM S-8 (REGISTRATION STATEMENT NO. 333-150384) AND SHALL BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, Compagnie Générale de Géophysique — Veritas has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.