Polarcus vessel utilization for Q2 2015

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the Company’s Second Quarter 2015 vessel utilization as follows:

Utilization Q2 – 2015 Q2 – 2014 Q1-2015
Utilization 80% 81% 83%
By category:
Contract Seismic 61% 75% 47%
Multi-Client 19% 6% 36%
Transit 16% 12% 9%
Yard 2% 5% 0%
Standby 2% 2% 8%

Polarcus Nadia is excluded from vessel utilization subsequent to cold-stacking on 01 April 2015

 

The Company will be releasing its Second Quarter 2015 Report on 05 August 2015 at approximately 07:00hrs CET (09:00hrs UAE).

A webcast and conference call will be hosted by Polarcus commencing at 08:00hrs CET (10:00hrs UAE). Conference call dial-in information will be published on 22 July 2015.


Contacts

Rod Starr, CEO Polarcus
+971 4 436 0800
rod.starr@polarcus.com

Tom Henrik Sundby, CFO Polarcus
+971 50 708 6480
tom.sundby@polarcus.com

 

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 over 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)