CGG provides, for the first quarter of 2013, its vessel utilization and its fleet allocation updates with the new fleet perimeter including from the 1st of February the four Fugro C-Class vessels (Geo Coral, Geo Celtic, Geo Caribbean and Geo Caspian) and the Geo Atlantic and Geo Barents vessels.
Vessel utilization for the first quarter 2013:
The vessel availability rate1 was 88%. This compares to a 84% availability rate in the first quarter of 2012 and a 93% rate in the fourth quarter of 2012.
The vessel production rate2 was 93%. This compares to a 92% production rate in the first quarter of 2012 and a 89% rate in the fourth quarter of 2012.
Fleet allocation update for the first quarter 2013:
CGG’s 3D vessels were allocated during the quarter 64% to contract and 36% to multi-client programs compared to 23% and 24% of the 3D vessels allocated to multi-client in the first and fourth quarters 2012.
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Press Release , April 08, 2013