Polarcus vessel utilization for Q1 2017

by polarcus on 04-Apr-17 07:30

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the release of the Company's First Quarter 2017 vessel utilization as follows:

 Utilization   Q1 - 2017   Q1 - 2016   FY - 2016 
 Utilization  72% 79% 83%
 By category:       
 Contract Seismic  58% 67% 71%
 Multi-Client  14% 12% 12%
 Transit  18% 11% 12%
 Yard  2% 6% 2%
 Standby  8% 4% 3%

Polarcus Nadia is excluded from vessel utilization subsequent to cold-stacking on 01 April 2015

The Company will be releasing its First Quarter 2017 Report on 4 May 2017 at approximately 07:00hrs CEST (09:00hrs UAE). A webcast and conference call will be hosted by Polarcus commencing at 09:00hrs CEST (11:00hrs UAE). 

 

Contacts

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

 

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