Polarcus vessel utilization for Q2 2014

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the Company’s Second Quarter 2014 vessel utilization as follows:


Utilization Q2 – 2014 Q2 – 2013 Q1-2014
Contract Seismic 75% 72% 70%
Multi-Client 6% 13% 10%
Transit 12% 14% 14%
Yard 5% 1% 5%
Standby 2% 0% 1%


The Company will be releasing its Second Quarter 2014 Report on 08 August 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 24 July 2014.




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)