Polarcus vessel utilization for Q3 2016

by polarcus on 04-Oct-16 07:00

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

Utilization  Q3 - 2016   Q3 - 2015   FY - 2015 
 Utilization  90% 93% 84%
 By category:       
 Contract Seismic  86% 66% 60%
 Multi-Client  4% 27% 24%
 Transit  10% 7% 10%
 Yard  0% 0% 1%
 Standby  0% 0% 5%

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

The Company will be releasing its Third Quarter 2016 Report on 27 October 2016 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). Conference call dial-in information will be published 17 October 2016. 



Hans-Peter Burlid, CFO
+971 50 559 8175


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)