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.