CGG provides its Vessel Utilization for the Third Quarter of 2015
OREANDA-NEWS. CGG provides its Vessel Utilization for the Third Quarter of 2015.
Vessel utilization for the third quarter 2015:
The vessel availability rate was 84%. This compares to a 74% availability rate in the second quarter of 2015 and a 92% rate in the third quarter of 2014.
The vessel production rate was 92%. This compares to a 94% production rate in the second quarter of 2015 and a 92% rate in the third quarter of 2014.
Fleet allocation update for the third quarter 2015:
During the third quarter of 2015, our 3D vessels were allocated 33% to multi-client programs.About CGG:
CGG is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary business divisions of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation.
CGG employs over 7,500 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.
CGG is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).