Polarcus fleet utilization for Q4 and full year 2018

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the Company’s fourth quarter and full year 2018 fleet utilization as follows:

    Q4 – 2018    Q4 – 2017    FY 2018   FY 2017 
  Utilization*  96% 68%   87% 77%
  By category:           
  Contract Seismic  96% 58%   82% 71%
  Multi-Client  0% 10%   5% 6%
  Transit  2% 12%   10% 13%
  Yard  2% 0%   1% 2%
  Standby  0% 20%   2% 8%

*Polarcus fleet of six vessels; Polarcus Nadia is excluded from fleet utilization subsequent to cold-stacking from 01 April 2015


The Company will release its fourth quarter 2018 report on 27 February 2019 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). 



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.