Polarcus awarded 3D project in Asia Pacific

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces that a letter of intent has been received for 3D seismic data acquisition services in Asia Pacific with an expected duration of 1 month. The project is scheduled to commence in Q3 2020, subject to relevant approvals.

About Polarcus

Polarcus (OSE: PLCS) is a focused geophysical service provider of safe and environmentally responsible marine acquisition services globally. Our geophysical offering is driven by innovation and collaboration to provide clients with better seismic data faster. Polarcus operates a fleet of high performance seismic vessels with 3D and 4D imaging capabilities, which incorporate leading-edge technologies for improved environmental performance and operational efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced priority processing solutions including Cirrus, a suite of cloud-based applications and services designed to bring clients closer to acquired seismic data, enabling faster and better informed exploration decisions. The Company services its clients globally from its head office in Dubai and regional offices located in Houston, London, Singapore and delivers Group asset management services from Oslo.