CGGVeritas provided its vessel utilization, multi-client sales and free cash flow updates for the fourth quarter and for the full year 2012. For the fourth quarter 2012, the vessel availability rate was 93%. This compares to a 93% availability rate in the third quarter of 2012 and an 81% rate in the fourth quarter of 2011. The vessel production rate was 89%. This compares to a 90% production rate in the third quarter of 2012 and a 87% rate in the fourth quarter of 2011. During the fourth quarter of 2012, 3D vessels were allocated 76% to contract and 24% to multi-client programs. As targeted, the free cash flow was particularly high during the fourth quarter 2012.



For the full year 2012, the vessel availability rate was 90%. This compares to a 86% availability rate for the full year 2011. The vessel production rate was 90%. This compares to a 86% production rate for the full year 2011. For the full year 2012, 3D vessels were allocated 77% to contract (this compares to 91% in 2011) and 23% to multi-client programs (this compares to 9% in 2011). high free cash flow should lead, to a positive free cash flow for the full year.