Scandinavian Oil-Gas Magazinehttp://www.scandoil.com/moxie-bm2/news/cgg-reports-vessel-utilization-for-the-second-quar.shtmlCGG reports vessel utilization for the second quarter 2015The vessel availability1 rate was 74%.This compares to a 84% availability rate in the first quarter of 2015 and a 94% rate in the second
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Edit page New page Hide edit links Vessel utilization for the second quarter 2015: The vessel availability1 rate was 74%.This compares to a 84% availability rate in the first quarter of 2015 and a 94% rate in the second quarter of 2014. This vessel availability rate this quarter is the consequence of:
The vessel production2 rate was 94%.This compares to a 92% production rate in the first quarter of 2015 and a 92% rate in the second quarter of 2014. Fleet allocation update for the second quarter 2015: During the second quarter of 2015, our vessels were allocated 42% to multi-client programs (vs 52% in Q2 2014 and 35% in Q1 2015). Fleet coverage for the third and fourth quarter 2015: Following the recent award of a large project in Latin America occupying two vessels until the end of the year, the fleet coverage as of July 1st stands at 91% in Q3 and 71% in Q4. |