CGG Provides Vessel Utilization Update for Second Quarter 2013

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