Polarcus Limited (OAX: PLCS) is pleased to announce that Polarcus Selma Ltd, a member of the Polarcus Group, took delivery on 08 August 2011 of POLARCUS SELMA, the sixth 3D seismic vessel to date to join the Polarcus fleet. POLARCUS SELMA is the sister ship to POLARCUS SAMUR, delivered to the Polarcus Group in March 2011. The vessel was built at Drydocks World – Dubai in the United Arab Emirates and following delivery will complete final outfitting of loose seismic equipment.
POLARCUS SELMA is an ultra-modern and Arctic-ready 8 streamer 3D seismic vessel of the ULSTEIN SX133 design capable of towing both conventional and wide tow spreads, including the Company's First PassTM 3D technique. The SX133 design has an overall length of 84.2m and a beam of 17m. POLARCUS SELMA has a maximum speed of 17 knots and is 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
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)