CGGVeritas provides its vessel utilization and its fleet allocation updates for the third quarter of 2011.
Vessel utilization for the third quarter 2011:
-The vessel availability rate was 91% including initial shipyard of the Champion for upgrades as part of our performance program. This compares to a 92% availability rate in the second quarter of 2011 and a 87% rate in the third quarter of 2010.
-The vessel production rate was 93%. This compares to a 85% production rate in the second quarter of 2011 and a 87% rate in the third quarter of 2010.
Fleet allocation update for the third quarter 2011:
-During the third quarter of 2011, our 3D vessels were allocated 88% to contract and 12% to multi-client programs.
About CGGVeritas
CGGVeritas is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.
[mappress] Source: CGGVeritas , October 10 , 2011