Polarcus Arctic operating procedures qualified by DNV

Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has today received a Statement of Qualification from Det Norske Veritas (DNV) to qualify Polarcus' Arctic operating procedures according to industry best practice and relevant standards. The Statement of Qualification was presented to Polarcus at the 7th Annual Arctic Shipping Summit in Helsinki, Finland.
 
The Arctic poses demanding challenges to marine seismic operations. Environmental conditions stress the ship, equipment and crew, limit the window for seismic operations, and pose dangers to in-water seismic equipment. To mitigate these risks in order to safeguard life, property and the environment, Polarcus, with assistance from DNV, has developed a wide-ranging set of Arctic-specific operating procedures.
 
Commenting on the achievement, Rolf Rønningen, CEO Polarcus, said: "We believe that the environmental, health and safety concerns associated with working in the Arctic demand the very highest level of commitment from companies operating in this pristine and often challenging frontier. Consequently we have collaborated with DNV over the past year to develop a comprehensive set of Arctic procedures to cater for the unique hazards associated with operating a seismic vessel in these waters. We are very proud therefore to receive this Statement of Qualification today from such a prestigious organization as DNV."
 
Christian Fjell, DNV Project Manager said: "Polarcus' active cooperation and input provided early on in the project was extremely helpful in aligning our thoughts and objectives. Our team of experts assessed the completeness and quality of Polarcus' Arctic operating procedures, internally designed by their team, and DNV proposed areas of improvement based on applicable conventions, regulations and standards. This project has certainly been mutually rewarding as Polarcus was able to provide significant input and reflections on our own suggestions based on their existing in-house competence in this field."
 
Contacts
 
Rolf Rønningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982
 
About Polarcus
 
Polarcus (OAX: PLCS) 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 operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 400 professionals. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com
 
About DNV
 
DNV is a global provider of services for managing risk, helping customers to safely and responsibly improve their business performance. As companies today are operating in an increasingly more complex and demanding risk environment, DNV's core competence is to identify, assess, and advise on how to manage risk. Its technology expertise and industry knowledge, combined with its risk management approach, have been used to manage the risks involved in numerous high-profile projects around the world. Organized as an independent, autonomous foundation, DNV balances the needs of business and society, based on its independence and integrity. With its objective of safeguarding life, property and the environment, DNV serves a range of industries, with a special focus on the maritime and energy sectors. Established in 1864, the company has a global presence with a network of 300 offices in 100 countries, and is headquartered in Oslo, Norway. Its prime assets are the knowledge and expertise of its 8,000 employees from 98 nations. For more information, visit www.dnv.com