Polarcus vessel utilization for Q1 2014
7 Apr 2014
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the Company’s First Quarter 2014 vessel utilization as follows:
| Utilization | Q1 – 2014 | Q1 – 2013 | Q4 – 2013 |
| Contract Seismic | 70% | 72% | 70% |
| Multi-Client | 10% | 13% | 4% |
| Transit | 14% | 13% | 19% |
| Yard | 5% | 2% | 3% |
| Standby | 1% | 0% | 4% |
The Company will be releasing its First Quarter 2014 Report on 14 May 2014 at approximately 07:00hrs CET (09:00hrs UAE).
A webcast and conference call will be hosted by Rolf Rønningen, CEO, and Tom Henrik Sundby, CFO, commencing at 08:00hrs CET (10:00hrs UAE). Conference call dial-in information will be published on 05 May 2014.
Contacts
Rolf Rønningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982
Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480
About Polarcus
Polarcus (OSE: 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 500 professionals. 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)