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.
Hans-Peter Burlid, CFO
+971 50 559 8175
Lars Oestergaard, COO
+971 54 791 0564
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