Duncan Eley, CEO

The way we do business

2019 saw a marked improvement in the marine seismic acquisition sector with activity increasing significantly throughout the year. We also witnessed greater focus on the environmental, social and governance standards of companies operating in the oilfield services sector, by investors, clients and regulatory bodies. This focus is welcomed by Polarcus.

The philosophy for how we operate today was established more than a decade ago, at the Company’s inception in 2008, with the Polarcus vision:

“To be a pioneer in an industry where the frontiers of seismic exploration are responsibly expanded without harm to our world”
Read the full CEO letterDownload Polarcus 2019 Sustainability Report

Explore Green™ Making Waves

Polarcus is proud to responsibly lead the marine seismic industry towards a more sustainable future and the company’s motivation goes beyond being legally compliant. The Polarcus Explore Green™ agenda was introduced when the company was formed in 2008 and, since then, a substantial and proactive investment in time and money has been made to ensure Polarcus continues to
outperform legislative requirements. This has become increasingly important as the industry observes more government and non-government organizations placing additional emphasis on environmental matters and enforcing more rigorous regulations on emissions.

Polarcus remains committed, and driven, to going beyond any regulatory and legislative requirements in order to carry out marine seismic operations in the most sustainable manner.

Polarcus recognizes that it has direct impact on the marine environment in which the company operates. The UN Sustainable Development Goal 13 ‘Climate Action’ and Goal 14 ‘Life Below Water’ are central to Polarcus’ commitment to continuously improve in these areas.

Emissions to air

Polarcus sulfur emissions

The IMO 2020 sulfur cap came into effect from 1 January 2020 and has been the most substantial regulatory change to the industry in recent times. This requirement reduced the level of sulfur content permitted in fuel oil used onboard ships operating outside designated emissions-controlled areas from 3.5% mass by mass (m/m) to 0.5% m/m. The IMO objective is to reduce the amount of SOx emanating from maritime activities globally which will provide major health and environmental benefits, particularly for populations living close to ports and coastlines.

Polarcus has been compliant with the new IMO 2020 regulation for more than a decade. This means anyone working with Polarcus over the last 10 years has taken part in industry-leading low emissions marine seismic acquisition.

Why Polarcus chooses Marine Gas Oil over Heavy Fuel Oil

Classified as carcinogenic by the UN, heavy fuel oil (HFO) is renowned for its destructive impact on the environment and, for this reason, Polarcus has never used HFO in any operations.

As an environmentally preferable alternative, Polarcus uses low sulfur marine gas oil across its seismic fleet, and requires the same for third party vessels supporting Polarcus operations