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    • CGGVeritas Provides its Vessel Utilization Update for the Second Quarter 2012

    — July 10, 2012
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    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.

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