Polarcus secures 4D project in the Far East

by polarcus on 24-Dec-18 07:00

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that certain Polarcus subsidiaries have entered into a memorandum of agreement with Sovcomflot GEO (SCF GEO), to provide 4D marine seismic acquisition services in the Far East for a major E&P company.

The program requires two Polarcus ICE-1A class vessels and will commence in Q2 2019 running for approximately 3 months, a total of 6 vessel months.

Contractual arrangements and associated third party approvals are expected to be finalized before end January, 2019.


Contacts

Hans-Peter Burlid, CFO
+971 50 559 8175
hp.burlid@polarcus.com

Lars Oestergaard, COO
+971 54 791 0564
lars.oestergaard@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 approximately 350 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.