Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce the appointment of Mr. Lars Oestergaard as Chief Operating Officer for Polarcus effective immediately.
Mr. Oestergaard will lead the Polarcus Geophysical, Operations & Sales teams as well as the EHSQ department. Mr. Oestergaard was previously employed at Maersk Drilling where he held a number of operational and commercial roles, most recently as Chief Commercial Officer.
Mr. Oestergaard has been awarded 350,000 performance share units and 150,000 restricted share units under the Company's 2018 Long Term Incentive Plan. Mr. Oestergaard currently holds no shares in the Company.
Duncan Eley, CEO
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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 approximately 350 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com