Polarcus vessel utilization for Q2 2019

by polarcus on 03-Jul-19 09:00

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the Company’s second quarter 2019 vessel utilization as follows:

Utilization

Q2-2019

Q2-2018

FY - 2018

Utilization

72%

85%

87%

By category:

 

 

 

Contract Seismic

72%

81%

82%

Multi-Client

0%

4%

5%

Transit

23%

14%

10%

Yard

1%

0%

1%

Standby

4%

1%

2%

Polarcus Nadia is excluded from vessel utilization subsequent to stacking in April 2015.

The Company will release its second quarter 2019 report on 24 July 2019 at approximately 07:00hrs CEST (09:00hrs UAE). A webcast and conference call will be hosted by Polarcus commencing at 09:00hrs CEST (11:00hrs UAE).

 

Contact

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 seismic vessels with 3D and 4D imaging capabilities, which incorporate leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions. The Company services its clients globally from its head office in Dubai and regional offices located in Houston, London and Singapore. 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.