Polarcus Limited (OAX: PLCS) is pleased to announce that the Prime Minister of the Russian Federation, Vladimir Putin, has assumed the role of Guardian to the seismic vessel Vyacheslav Tikhonov, formerly POLARCUS SELMA, during a naming ceremony held today in the Russian Black Sea city of Sochi. The ultra-modern seismic vessel Vyacheslav Tikhonov is on a five year Bareboat Charter to OAO Sovcomflot (SCF) of Russia, announced by Polarcus on 11 August 2011.
Vyacheslav Tikhonov is the same class of vessel as POLARCUS SAMUR, an ultra-modern and Arctic-ready 3D seismic vessel of the ULSTEIN SX133 X-BOW design capable of towing both conventional and wide tow spreads. The vessel has an overall length of 84.2m and a beam of 17m. Vyacheslav Tikhonov has a maximum speed of 17 knots and will be capable of deploying up to 8 streamers each of 6,000m length, or 6 streamers each of 8,000m length, with lateral streamer separations of between 25 and 200 meters.
Rolf Ronningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982
Peter Zickerman, EVP Polarcus, +971 4 436 0800 / +971 50 551 9160
Polarcus (OAX: PLCS) is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com
About SCF Group (Sovcomflot)
Sovcomflot is one of the world's leading shipping companies, specializing in petroleum products and liquefied gas transportation. The fleet includes 156 vessels with a total deadweight of 11.8 million tonnes. The company is registered in St. Petersburg with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid and Singapore. The Group offers a wide range of vessels and a powerful grouping of vessels, in the market segments most demanded by major Russian oil and gas companies. With its own technical development and unique approach to advanced technologies, Sovcomflot has the ability to meet the most demanding customer requirements, providing effective transportation for oil & gas companies. For more information, visit www.scf-group.ru
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)