Polarcus Completes Sale of Polarcus Samur to TPAO

Polarcus announces that the Company has completed the sale and delivery of the 8-streamer 3D seismic vessel POLARCUS SAMUR to Turkish Petroleum Corporation (TPAO).

The vessel is to be repainted red and white in the design of the new vessel owner and renamed Barbaros Hayreddin Pasa.

Polarcus has simultaneously commenced the 3 year support services agreement with TPAO covering seismic data acquisition, fast-track data processing, management and crewing for Barbaros Hayreddin Pasa.

Press Release, February 11, 2013

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