Mitcham Industries, Inc. (MII) is engaged directly and through its wholly owned subsidiaries in the leasing of seismic equipment to the oil and gas industry on a worldwide basis. The Company is also engaged in the sale of new and used seismic equipment and in the design, manufacture and sale of marine seismic equipment. Its operating subsidiaries are Mitcham Canada Ltd (MCL), Seismic Asia Pacific Pty Ltd. (SAP), Mitcham Seismic Eurasia LLC (MSE), Seamap (UK) Ltd (Seamap UK) and Seamap Pte. Ltd (Seamap Singapore). Seamap UK and Seamap Singapore are collectively referred to as Seamap. The Company operates in two segments: equipment leasing and equipment manufacturing. The Company leases and sells geophysical and other equipment used primarily by seismic data acquisition contractors to perform seismic data acquisition surveys on land, in transition zones (marsh and shallow water areas) and marine areas.