Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that the Company has signed a contract with an undisclosed client for a non-exclusive broadband 3D marine seismic project offshore Brazil. Project duration is expected to be approximately four months.
The dual azimuth project will be acquired utilizing Polarcus' RightBAND(TM) technique and is expected to commence in Q2 2016 following completion of the earlier announced 3D project for Queiroz Galvão Exploração e Produção ("QGEP").
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)