CGG provides its vessel utilization and its fleet allocation updates for the third quarter of 2013.
Vessel utilization for the third quarter of 2013:
– The vessel availability rate was 89% in line with the Company’s expectations as a consequence of a higher level of planned maintenance this quarter. This compares to a 93% availability rate in the third quarter of 2012 and in the second quarter of 2013.
– The vessel production rate was 94% at a historically high level. This compares to a 90% production rate in the third quarter of 2012 and a 92% rate in the second quarter of 2013.
Fleet allocation update for the third quarter of 2013:
During the third quarter of 2013, our 3D vessels were allocated 78% to contract and 22% to multi-client programs.
Press Release, October 10, 2013