Polarcus Limited (OAX: PLCS) is pleased to announce that the official steel cutting ceremony of newbuild NB292 took place on 07 February 2011.
Vessel NB292 is the first of two newbuilds ordered from Ulstein Verft AS of Norway and announced by Polarcus on 18 November 2010. The vessels are being built to the ULSTEIN SX134 design but with a higher ice class ("ICE 1A super"), increased propulsion and other innovative efficiency enhancing features. Once delivered, these two high-end 3D seismic vessels will be capable of towing up to 14 solid streamers with 100m lateral separation between streamers.
Delivery of vessel NB292 is scheduled for March 2012.
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 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 is launching a fleet of modern 3D seismic vessels using the innovative ULSTEIN X-BOW® design and incorporating advanced maritime technologies for improved operational efficiency with a reduced environmental footprint. Polarcus offers contract seismic surveys and multi client projects worldwide and has its principal office in Dubai, United Arab Emirates. For more information, visit www.polarcus.com