ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

CGGVeritas Provides its Vessel Utilization Update for the Second Quarter 2012

Tuesday, July 10th, 2012

CGGVeritas provides its vessel utilization and its fleet allocation updates for the second quarter of 2012.

Vessel utilization for the second quarter 2012:

 The vessel availability rate1 was 91%.This compares to a 92% availability rate in the second quarter of 2011 and a 84% rate in the first quarter of 2012.

 The vessel production rate2 was 91%. This compares to a 85% production rate in the second quarter of 2011 and a 92% rate in the first quarter of 2012.

Fleet allocation update for the second quarter 2012:

During the second quarter of 2012, our 3D vessels were allocated 83% to contract and 17% to multi-client programs.

Source



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