Reference is made to the stock exchange release issued on 08 February 2017 in which Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announced an award for an extension of the 3D marine seismic project in South America with an option for further expansion of the survey area.
The Company is pleased to announce that the client has chosen to exercise the expansion option, which will extend the project by an additional month. Following this announcement, the total duration of the campaign extension will be four months, to be acquired in Q2-Q3 2017.
Richard Price, SVP North and South America
+1 832 715 1772
Hans-Peter Burlid, CFO
+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 nearly 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 to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.