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News Breaks
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January 12, 2012
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| 05:33 EDT |  | CGV |
| theflyonthewall.com: | CGG Veritas provides its vessel utilization update for Q4 of 2011 | | The vessel availability rate was 81% including 6% associated with the on-going upgrade of the Champion as part of our performance plan and higher transit times this quarter. This compares to a 91% availability rate in Q3 of 2011 and a 84% rate in Q4 of 2010. The vessel availability rate for the 2H of 2011 as well as for the full year 2011 was 86%. The vessel production rate was 87%. This compares to a 93% production rate in Q3 and a 92% rate in Q4 of 2010. The vessel production rate was 86% for the full year 2011 strengthening to 90% in the 2H based on the early impact of our performance plan. During Q4 of 2011, the company's 3D vessels were allocated 85% to contract and 15% to multi-client programs. Strong multi-client sales were recorded during the quarter, including in deep water of the Gulf of Mexico. :theflyonthewall.com |
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May 10, 2012
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| 06:20 EDT |  | CGV |
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