Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that the Company has received an award for a 3D project offshore West Africa, to commence early in Q4 2017 with a scheduled duration of one month. The Polarcus XArray methodology will be utilized to optimize both data quality and acquisition efficiency.
Commenting on the news, Richard Price, Senior Vice President, Western Hemisphere, said: "We are pleased to have secured this project for our Q4 backlog, especially as the timing aligns very well with completion of the North Sea season. With only a short transit, this enables us to optimize vessel utilization and strategically position a vessel in West Africa for follow on work."
Contacts
Richard Price, SVP Western Hemisphere
+1 832 715 1772
richard.price@polarcus.com
Hans-Peter Burlid, CFO
+971 50 559 8175
hp.burlid@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 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs nearly 500 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com