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CGG announces solid vessel production rate for fourth quarter 2014


Published Jan 7, 2015
CGG-4

CGG provides its vessel utilization and fleet allocation updates for the fourth quarter of 2014.

Solid Vessel production rate for the fourth quarter of 2014:

§ The vessel availability(1) rate was 87% due to typically high transit at this time of the year. This compares to an 83% availability rate in the fourth quarter of 2013 and a 92% rate in the third quarter of 2014.

§ The vessel production(2) rate was 92%. This compares to a 90% production rate in the fourth quarter of 2013 and a 92% rate in the third quarter of 2014.

§ During the fourth quarter of 2014, our 3D vessels were allocated 64% to contract and 36% to multi-client programs.

Record quarterly multi-client sales for the fourth quarter 2014:

CGG anticipates multi-client sales around $290 million during the fourth quarter of 2014, the highest ever quarterly revenue.

Tags: CGG




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