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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 April 2010
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 its Vessel Utilization
Update for the First Quarter 2010
PARIS, France — April 12th 2010
CGGVeritas (ISIN: 0000120164 — NYSE: CGV) provides its vessel utilization and its fleet allocation updates for the first quarter of 2010.
Vessel utilization for the first quarter 2010:
§ The vessel availability rate1 was 90%. This compares to a 86% availability rate in the fourth quarter of 2009 and a 93% rate in the first quarter of 2009.
§ The vessel production rate2 was 92%. This production rate compares to a 83% rate in the fourth quarter of 2009 and a 89% rate in the first quarter of 2009.
Fleet allocation update for the first quarter 2010:
During the first quarter of 2010, our 3D vessels were allocated 79% to contract and 21% to multi-client programs.
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 (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).
(IMAGE)
     
Investor Relations Contacts
    
Paris:
  Houston:
Christophe Barnini
  Hovey Cox
Tel: +33 1 64 47 38 10
  Tel: +1 (832) 351-8821
E-Mail: invrelparis@cggveritas.com
  E-Mail: invrelhouston@cggveritas.com
 
1 - 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;
 
2 - 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: April 13th, 2010
By  /s/ Gerard CHAMBOVET  
 
  Gerard CHAMBOVET  
 
  Senior EVP Corporate  

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