Polarcus vessel utilization for Q4 2017 and full year 2017

by polarcus on 04-Jan-18 07:00

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the Company's fourth quarter (Q4) 2017 and full year (FY) 2017 vessel utilization as follows:

  Utilization    Q4 - 2017    Q4 - 2016    FY 2017   FY 2016 
  Utilization  68% 72%   77% 83%
  By category:           
  Contract Seismic  58% 55%   71% 71%
  Multi-Client  10% 17%   6% 12%
  Transit  12% 16%   13% 12%
  Yard  0% 3%   2% 2%
  Standby  20% 9%   8% 3%

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

The Company will be releasing its fourth quarter 2017 report on 27 February 2018 at approximately 07:00hrs CET (10:00hrs UAE). A webcast and conference call will be hosted by Polarcus commencing at 09:00hrs CET (12:00hrs UAE). 

 

Contacts

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 over 400 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com