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EMGS - Vessel update and activity for the second quarter 2015


Published Jul 7, 2015
EMGS - Atlantic Guardian-2

Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines "vessel utilisation" as the percentage of the vessel charter period spent on contracted or multi-client data acquisition.

Vessel utilisation for the second quarter 2015 came in at 68% compared with 75% for the corresponding quarter in 2014. For the first six months this year, the vessel utilisation came in at 72% compared with 71% for the same period last year.

In the second quarter of 2015, the Company's vessels were allocated 5% to contract and 63% to multi-client programmes. In the second quarter of 2014, the allocation was 38% and 37% respectively.

EMGS recorded 10.5 vessel months this quarter, compared with 12 vessel months in the second quarter of 2014.

Tags: Electromagnetic Geoservices ASA (EMGS)




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