CGG updates its vessel utilization and fleet allocation for the second quarter of 2014 (Scandinavian Oil-Gas Magazine)

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CGG updates its vessel utilization and fleet allocation for the second quarter of 2014

Published Jul 9, 2014

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The vessel availability rate1 was 94%.This compares to a 93% availability rate in the second quarter of 2013 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 second quarter of 2013 and a 93% rate in the first quarter of 2014.

Fleet allocation update for the second quarter 2014:

During the second quarter of 2014, our 3D vessels were allocated 52% (vs 51% in Q1 2014 and 21% in Q2 2013) to multi-client programs, including 17% of the 3D fleet being assigned as shooting vessels to our wide-azimuth multi-client programs.

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CGG provides its vessel utilization update for the first quarter 2014

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