CGGVeritas Utilisation Updates
2011-04-08 14:19:01 - Hydro International
CGGVeritas has provided vessel utilisation and fleet allocation updates for the first quarter of 2011. The vessel availability rate was 81% including 13% for the on-going upgrades of the Master and the Endeavour as part of our performance plan. This compares to a 84% availability rate in the fourth quarter of 2010 and a 90% rate in the first quarter of 2010.
The vessel production rate was 80% following operational interruptions that resulted from maritime incidents and piracy risks which led to stand-by, additional transit and non-planned shipyards. This compares to a 92% production rate in the fourth quarter of 2010 and a 92% rate in the first quarter of 2010.
During the first quarter of 2011, CGG Veritas’ 3D vessels were allocated 94% to contract and 6% to multi-client programs. Following very strong seasonal sales in the fourth quarter of 2010, multi-client sales were reported to be low this quarter.
