Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) refers to its announcement dated 1 October 2019 regarding the expected redelivery of “Vyacheslav Tikhonov" (the “Vessel”) with effect from completion of the wide-azimuth project in the Americas (previously announced on 3 June 2019).
It has been agreed with Sovcomflot (“SCF”) to postpone the scheduled redelivery of the Vessel until 15 January 2020 while potential projects are pursued by SCF. The Vessel will remain under the ‘charter back’ to a Polarcus subsidiary during this period on amended terms.
Contacts
Hans-Peter Burlid, CFO
+971 50 559 8175
hp.burlid@polarcus.com
About Polarcus
Polarcus (OSE: PLCS) 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. For more information, visit www.polarcus.com
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.