Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that the Company has received a Letter of Award ("LOA") from Shell Myanmar Energy PTE Ltd for a 3D marine seismic project offshore Myanmar. The project is currently expected to start in Q4 2015.
Commenting on this latest award, Duncan Eley, COO Polarcus, said: "With this award from a returning customer, the Company continues to strengthen an already strong backlog and capture significant market share in a challenging business environment."
Tom Henrik Sundby, CFO Polarcus
+971 50 708 6480
Hans-Peter Burlid, VP Finance & Investor Relations Polarcus
+971 50 559 8175
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 over 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 of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)