Polarcus Awarded Seismic Contracts Off Australia

Polarcus Limited announces that the Company has received contract awards from two undisclosed clients for two 3D marine seismic acquisition projects offshore Australia.

The combined program, subject to the execution of service contracts, will commence in Q4 2014 and is expected to run for approximately 50 days.

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 operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals.

Press Release, September 26, 2014