Polarcus Limited (OAX: PLCS) is pleased to announce that Polarcus Amani AS, a member of the Polarcus Group, took delivery today, 29 March 2012, of POLARCUS AMANI, the seventh 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Ulstein Verft in Norway and following a short shakedown will commence the previously announced charter for TGS-NOPEC Geophysical Company ASA (TGS).
POLARCUS AMANI is the first of two 12 - 14 streamer Arctic-ready 3D seismic vessels being built at Ulstein Verft AS and the third vessel in the Polarcus fleet of the ULSTEIN SX134 design, with an overall length of 92m and a beam of 21m. The vessel design includes a high ice class ("ICE 1A super"), increased propulsion and other innovative efficiency enhancing features. POLARCUS AMANI is also one of the most environmentally responsible seismic vessels in the industry, with diesel-electric propulsion, high specification catalytic convertors, a double hull, and advanced ballast water treatment / bilge water cleaning systems. The vessel carries the stringent DNV CLEAN-DESIGN class notation. POLARCUS AMANI has a maximum speed of 16 knots and is capable of deploying up to 14 Sercel Sentinel® solid streamers.
Rolf Ronningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982
Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480
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
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)