Polarcus Secures Multiple Seismic Survey Contracts

Polarcus Limited has received Letters of Intent from four undisclosed clients for separate 3D seismic acquisition projects offshore New Zealand, East Africa, and West Africa.

The current contract backlog inclusive of the bareboat charter of Vyacheslav Tikhonov to SCF amounts to USD 190 million and the booked capacity for Q4 2013 is 90%, for Q1 2014 55% and for Q2 2014 20%.

[mappress]
Press Release, November 18, 2013