Norway: Steel Cutting Ceremony Held for Polarcus Adira Newbuild Seismic Vessel

Polarcus Limited announces that the official steel cutting ceremony of newbuild NB293, named POLARCUS ADIRA, took place in March 2011.

POLARCUS ADIRA is the second of two newbuild 3D seismic vessels ordered from Ulstein Verft AS of Norway and announced by Polarcus on 18 November 2010. The vessels are being built to the ULSTEIN SX134 design and feature a high ice class (“ICE 1A super”), increased propulsion and other innovative efficiency enhancing features. Once delivered, these two high-end 3D seismic vessels will be capable of towing up to 14 solid streamers with 100m lateral separation between streamers.

Delivery of POLARCUS ADIRA is scheduled for Q2 2012.

About Polarcus

Polarcus is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus is launching a fleet of modern 3D seismic vessels using the innovative ULSTEIN X-BOW® design and incorporating advanced maritime technologies for improved operational efficiency with a reduced environmental footprint. Polarcus offers contract seismic surveys and multi client projects worldwide and has its principal office in Dubai, United Arab Emirates.

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Source: Polarcus , April 5, 2011;