Thursday, Compagnie GéNéRale De GéOphysique-Veritas (CGV) provided its vessel utilization and its fleet allocation updates for the third quarter of 2009.
The company said its vessel availability rate was 90%, including a 7% impact related to standby between contracts. This compares to an 89% availability rate in the second quarter 2009 and a 98% rate in the third quarter 2008, CGGVeritas added.
Secondly, the company stated that the vessel production rate was 93% and this compares to an 88% production rate in the second quarter 2009 and a 90% rate in the third quarter 2008.
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