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CGG provides its vessel utilization for the first quarter of 2015


Published Apr 10, 2015
CGG - Geo Carribbean
CGG - Geo Carribbean

Vessel utilization for the first quarter 2015:

The vessel availability rate1 was 84%. This compares to an 87% availability rate in the fourth quarter of 2014 and a 94% rate in the first quarter of 2014.

The vessel production rate2 was 92%. This compares to a 92% production rate in the fourth quarter of 2014 and a 93% rate in the first quarter of 2014.

Fleet allocation update for the first quarter 2015:

During the first quarter of 2015, our 3D vessels were allocated 35% (vs 36% in Q4 2014 and 46% in Q1 2014) to multi-client programs.

Tags: CGG




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