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Mitcham Industries Snapshot
Here's a shocker: Mitcham Industries has few rivals that can match 'em when it comes to the leasing and sales of seismic equipment to the global seismic industry. The company's equipment offerings include channel boxes, geophones, earth vibrators, various cables, and other peripheral equipment. Through short-term leasing (three to nine months) from Mitcham Industries, oil and gas companies can improve their chances of drilling a productive well and reduce equipment costs. Most of Mitcham Industries' leases are located in North America. The company also manufactures marine seismic equipment under the Seamap brand. In fiscal 2008 CGGVeritas accounted for 21% of Mitcham Industries' consolidated revenues.
