Polarcus vessel utilization for Q2 2018

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the Company's second quarter 2018 vessel utilization as follows: Utilization Q2 - 2018Q2 - 2017FY - 2017 Utilization 85%75%77% By category:     Contract Seismic 81% ...

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the Company's second quarter 2018 vessel utilization as follows:

Utilization	Q2 - 2018	Q2 - 2017	FY - 2017
Utilization	85%	75%	77%
By category:
Contract Seismic	81%	75%	71%
Multi-Client	4%	0%	6%
Transit	14%	13%	13%
Yard	0%	7%	2%
Standby	1%	5%	8%

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

 

The Company will be releasing its second quarter 2018 report on 26 July 2018 at approximately 07:00hrs CEST (09:00hrs UAE). A webcast and conference call will be hosted by Polarcus commencing at 08:30hrs CEST (10:30hrs 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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