Polarcus vessel utilization for Q1 2019

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the Company's first quarter 2019 vessel utilization as follows:UtilizationQ1 - 2019Q1 - 2018FY - 2018 Utilization 92%83%87%By category:    Contract Seismic 92%65%...

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the Company's first quarter 2019 vessel utilization as follows:

Utilization	Q1 - 2019	Q1 - 2018	FY - 2018
Utilization	92%	83%	87%
By category:
Contract Seismic	92%	65%	82%
Multi-Client	0%	18%	5%
Transit	6%	11%	10%
Yard	2%	0%	1%
Standby	0%	6%	2%

Polarcus Nadia is excluded from vessel utilization subsequent to cold-stacking in April 2015. 

The Company will be releasing its first quarter 2019 report on 30 April 2019 at approximately 07:00hrs CEST (09:00hrs UAE). A webcast and conference call will be hosted by Polarcus commencing at 08:00hrs CEST (10:00hrs UAE). 

Contacts

Hans-Peter Burlid, CFO
+971 50 559 8175
[email protected]

 

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

 

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