Polarcus completes divestiture of Capreolus multi-client project

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) refers to the stock exchange release dated 29 June 2018 announcing the execution of a sale and purchase agreement with a subsidiary of TGS-NOPEC Geophysical Company ASA for the sale of its 22,130 sq. km. Capreolus 3D survey offshore Australia subject to certain closing conditions.

The referenced closing conditions were satisfied on 7 August 2018 and the sale has been completed.



Duncan Eley, CEO
+971 4 436 0915

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 approximately 350 professionals worldwide. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com


This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.