Polarcus Limited 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.
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.