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Thursday, 4 January 2018

Polarcus vessel utilization for Q4 2017 and full year 2017

Polarcus Limited    

Published: 07:00 CET 04-01-2018 /GlobeNewswire /Source: Polarcus Limited / : PLCS /ISIN: KYG7153K1085

Polarcus vessel utilization for Q4 2017 and full year 2017

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the Company's fourth quarter (Q4) 2017 and full year (FY) 2017 vessel utilization as follows:

  Utilization 

  Q4 - 2017 

  Q4 - 2016 

 

FY 2017 

 FY 2016 

  Utilization 

68%

72%

 

77%

83%

  By category: 

 

 

 

 

 

  Contract Seismic 

58%

55%

 

71%

71%

  Multi-Client 

10%

17%

 

6%

12%

  Transit 

12%

16%

 

13%

12%

  Yard 

0%

3%

 

2%

2%

  Standby 

20%

9%

 

8%

3%

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

The Company will be releasing its fourth quarter 2017 report on 27 February 2018 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
hp.burlid@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 400 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Polarcus Limited, C/o Polarcus DMCC, Almas Tower, Level 32, Jumeirah Lakes Towers, Dubai 283373, United Arab Emirates
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