Polarcus Awarded Multiple 3D Seismic Contracts

Polarcus Limited (“Polarcus” or the “Company”) announces that the Company has received Letters of Intent from four undisclosed clients for separate 3D seismic acquisition projects offshore New Zealand, East Africa, and West Africa.

The current contract backlog inclusive of the bareboat charter of Vyacheslav Tikhonov to SCF amounts to USD 190 million and the booked capacity for Q4 2013 is 90%, for Q1 2014 55% and for Q2 2014 20%.

Polarcus is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals.

Press Release, November 18, 2013

 

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