Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


CGGVeritas : Provides its Activity Update for the Fourth Quarter and for the Year 2012

PARIS -- (Marketwire) -- 01/09/13 -- CGGVeritas (ISIN: 0000120164 - NYSE: CGV) provides its vessel utilization, multi-client sales and free cash flow updates for the fourth quarter and for the full year 2012.

Vessel utilization rates

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.

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.

These rates are in line with the Company expectations and with our 2010 Performance Plan objectives.

Marine multi-client production

During the fourth quarter of 2012, our 3D vessels were allocated 76% to contract and 24% to multi-client programs.

For the full year 2012, our 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).

Multi-client sales

Multi-client sales for the fourth quarter 2012 should be around $150 million, with a level of after-sales notably lower than expected. This is related in particular to the after-sales Brazilian market where significant potential deals discussed with main clients did not finally materialize by year end, due to the uncertainty remaining on the future offshore blocks to be licensed in the upcoming 2013 bid rounds.

As expected, the prefunding rate of our full year 2012 multi-client production should be above 70%.

Free cash flow

As targeted, the free cash flow was particularly high during the fourth quarter 2012 which should lead, despite the level of multi-client sales, to a positive free cash flow for the full year.

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).

Press Release in pdf:

http://hugin.info/142000/R/1669134/542240.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: CGGVeritas via Thomson Reuters ONE

[HUG#1669134]

Investor Relations Contacts

Paris:
Christophe Barnini
Tel.: +33 1 64 47 38 11
E-Mail: Email Contact

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Web 2.0 Latest News
Windows Server 2003 End of Support is here and there is little most enterprises can do at this point to change the fact that they are now dependent on an unsupported operating system. Here we are at Microsoft's World Wide Partner Conference again, muttering "I'm late, I'm late," just l...
Alibaba, the world’s largest ecommerce provider, has pumped over a $1 billion into its subsidiary, Aliya, a cloud services provider. This is perhaps one of the biggest moments in the global Cloud Wars that signals the entry of China into the main arena. Here is why this matters. The c...
Forbes called 2015, the Year of the Mobile Beacon. AdWeek talks about how beacons are already influencing the way we network, get drunk, vacation, shop, and even how we buy sausage. Ten experts at Marketing Land predicted that this year the whole world of mobile marketing will become ...
Knowledge management, in business terms, refers to saving, developing, sharing, and effectively using knowledge for the benefit of organization. It refers to a multi-disciplined approach of achieving organizational objectives by making the best use of knowledge. Scientia potentia est ...
The majority of an organization’s revenues are dependent on suppliers, distributors and other third parties. But as Benjamin M. Lawsky, New York State’s Superintendent of Financial Services, points out: “Unfortunately, those third-party firms can provide a back-door entrance to hackers...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE