FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a- 16 or 15d- 16 of
the Securities Exchange Act of 1934
For the
month of October 2009
CGG-Veritas
Tour Maine
Montparnasse - 33 Avenue du Maine BP 191 - 75755 PARIS CEDEX 15 (address of
principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82 _______________
CGGVeritas Provides Vessel Utilization
Update for the Third Quarter 2009
PARIS,
France October 8th 2009
CGGVeritas
(ISIN: 0000120164 NYSE: CGV) provides its vessel utilization and its fleet allocation
updates for the third quarter of 2009.
Vessel utilization for the third quarter 2009:
The following vessel utilization rates for the third quarter 2009 do not take into account the
Harmattan, the Fohn and the Orion, three 3D vessels which were decommissioned during the second and
the third quarters as part of our marine capacity adjustment program.
§ The vessel availability rate1 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.
§ The vessel production rate2 was 93%. This compares to an 88% production rate in
the second quarter 2009 and a 90% rate in the third quarter 2008.
Fleet allocation update for the third quarter 2009:
During the third quarter of 2009, our 3D vessels were allocated 86% to contract and 14% to
multi-client programs, a decrease in multi-client investment in 2009, as planned.
About CGGVeritas
CGGVeritas (www.cggveritas.com) is a leading international pure-play geophysical company
delivering a wide range of technologies, services and equipment through Sercel, to its broad base
of customers mainly throughout the global oil and gas industry. CGGVeritas is listed on the
Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American
Depositary Shares, NYSE: CGV).
Investor Relations Contacts:
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Paris:
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Houston: |
Christophe Barnini
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Hovey Cox |
Tel: +33 1 64 47 38 10
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Tel: +1 832 351 8821 |
E-Mail:
invrelparis@cggveritas.com
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E-Mail:
invrelhouston@cggveritas.com |
The information included herein contains certain forward-looking statements within the meaning of
Section 27A of the securities act of 1933 and section 21E of the Securities Exchange Act of 1934.
These forward-looking statements reflect numerous assumptions and involve a number of risks and
uncertainties as disclosed by the Company from time to time in its filings with the Securities and
Exchange Commission. Actual results may vary materially.
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1 |
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- The vessel availability rate, a metric measuring the
structural availability of our vessels to meet demand; this metric is related
to the entire fleet, and corresponds to the total vessel time reduced by the
sum of the standby time, of the shipyard time and the steaming time (the
available time), all divided by total vessel time; |
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2 |
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- The vessel production rate, a metric measuring the
effective utilization of the vessels once available; this metric is related to
the entire fleet, and corresponds to the available time reduced by the
operational downtime, all then divided by available time. |
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THIS FORM 6-K REPORT IS HEREBY INCORPORATED BY REFERENCE INTO THE PROSPECTUS CONTAINED IN CGG
VERITAS REGISTRATION STATEMENT ON FORM S-8 (REGISTRATION STATEMENT NO. 333-150384) AND SHALL BE A
PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY
DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Compagnie Générale de
Géophysique - Veritas has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Date : October 8th, 2009
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By |
/s/ Gerard CHAMBOVET
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Gerard CHAMBOVET |
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Senior EVP Corporate |
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