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CGG provides its vessel utilization for the fourth quarter and year 2013


Published Jan 17, 2014
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CGG Viking II

CGG provides its vessel utilization and fleet allocation updates for the fourth quarter and full year of 2013.

Vessel utilization for the fourth quarter of 2013:

• The vessel availability rate was 83%, in line with Company forecasts made during the recent Capital Market Day and following the delay of recently awarded large contracts. This compares to an 89% availability rate in the third quarter of 2013 and a 93% rate in the fourth quarter of 2012.

• The vessel production rate was 90%. This compares to a 94% production rate in the third quarter of 2013 and an 89% rate in the fourth quarter of 2012.

• During the fourth quarter of 2013, our 3D vessels were allocated 66% to contract and 34% to multi-client programs.

Vessel utilization and fleet allocation update for the full year 2013:

• The vessel availability rate for the full year 2013 was 89%. This compares to a 90% rate for the full year 2012.

• The vessel production rate was 92% for the full year 2013. This compares to a 90% rate for the full year 2012.

• During 2013, our 3D vessels were allocated 72% to contract and 28% to multi-client programs.

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