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:   ...

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). 

 

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

 

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