Polarcus Limited refers to its announcement dated 10 June 2019 describing an extension of the bareboat charter for “Vyacheslav Tikhonov”, originally named “Polarcus Selma” including a redelivery option exercisable with effect from completion of the ‘charter-back’ for the wide-azimuth project (announced on 3 June 2019).
SCF has exercised this option and the Company currently expects the vessel to be redelivered in November 2019 following completion of the wide-azimuth project in the Americas.
The Company is discussing a number of potential projects with customers and will explore opportunities for the vessel after redelivery.
About Polarcus
Polarcus 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 seismic vessels with 3D and 4D imaging capabilities, which incorporate leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions. The Company services its clients globally from its head office in Dubai and regional offices located in Houston, London and Singapore.