CGGVeritas (GA.PA) (CGV) (ISIN: 0000120164 – NYSE: CGV) 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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