CGG provides its vessel utilization and its fleet allocation for the second quarter of 2013.
Vessel utilization for the second quarter 2013:
– The vessel availability rate was 93%. This compares to a 91% availability rate in the second quarter of 2012 and a 88% rate in the first quarter of 2013.
– The vessel production rate was 92%. This compares to a 91% production rate in the second quarter of 2012 and a 93% rate in the first quarter of 2013.
Fleet allocation update for the second quarter 2013:
3D vessels were allocated during the quarter 79% to contract and 21% to multi-client programs compared to 17% and 36% of our 3D vessels allocated to multi-client in the second quarter 2012 and first quarter 2013.
Multi-Client sales:
Multi-client sales and the prefunding rate for the second quarter 2013 should be in line with company’s expectations.
Press Release, July 10, 2013