Release details

2019-06-03 07:00 CEST
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Polarcus awarded wide-azimuth project offshore in the Americas

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces that an award has been received for a wide-azimuth project to be acquired in the Americas. 

Polarcus Naila and Polarcus Adira will perform the acquisition.

The project is expected to commence in early August 2019 with a duration of approximately four months; a total of eight vessel months. 

Following this award, the Polarcus fleet booked capacity is as follows:

Q2-19: 100%

Q3-19: 100%

Q4-19: 60%

Q1-20: 45%

 

Contacts

Hans-Peter Burlid, CFO
+971 50 559 8175
hp.burlid@polarcus.com

Lars Oestergaard, COO
+971 54 791 0564
lars.oestergaard@polarcus.com 

 

About Polarcus

Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance seismic vessels with 3D and 4D imaging capabilities, which incorporate leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions. The Company services its clients globally from its head office in Dubai and regional offices located in Houston, London and Singapore. For more information, visit www.polarcus.com

 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
HUG#2245510