Polarcus vessel utilization for Q1 2016

by polarcus on 07-Apr-16 07:00

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the release of the Company's First Quarter 2016 vessel utilization as follows:

Utilization Q1 - 2016 Q1 - 2015 FY - 2015
Utilization   79% 83% 84%
By category:      
Contract Seismic 67% 47% 60%
Multi-Client 12% 36% 24%
Transit 11% 9% 10%
Yard 6% 0% 1%
Standby 4% 8% 5%

Polarcus Nadia is excluded from vessel utilization subsequent to cold-stacking on 01 April 2015

The Company will be releasing its First Quarter 2016 Report on 27 April 2016 at approximately 07:00hrs CET (09:00hrs UAE).

 

A webcast and conference call will be hosted by Polarcus commencing at 08:00hrs CET (10:00hrs UAE). Conference call dial-in information will be published 13 April 2016

 

Contacts

Duncan Eley, COO
+971 4 4360 915
duncan.eley@polarcus.com

Hans-Peter Burlid, CFO
+971 50 559 8175
hp.burlid@polarcus.com

 

About Polarcus

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 of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)