Polarcus awarded broadband 3D project
15 Dec 2015
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) is pleased to announce that the Company has received a Letter of Intent (“LOI”) from an undisclosed client for a 3D marine seismic contract utilizing Polarcus’ RightBAND(TM) technique for broadband data acquisition.
The project will commence imminently and will run for approximately two months.
Commenting on the Company’s latest award, Duncan Eley, COO Polarcus, stated: “Such an award in this challenging market is the result of us continuing to work closely with our clients to ensure exceptional service delivery with safe operations, high quality data and extremely efficient seismic acquisition solutions”.
Tom Henrik Sundby, CFO
+971 50 708 6480
Hans-Peter Burlid, VP Finance & Investor Relations
+971 50 559 8175
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)