Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the Company's third quarter 2018 vessel utilization as follows:
| Utilization | Q3 - 2018 | Q3 - 2017 | FY - 2017 |
| Utilization | 86% | 92% | 77% |
| By category: | |||
| Contract Seismic | 86% | 92% | 71% |
| Multi-Client | 0% | 0% | 6% |
| Transit | 12% | 8% | 13% |
| Yard | 0% | 0% | 2% |
| Standby | 2% | 0% | 8% |
Polarcus Nadia is excluded from vessel utilization subsequent to stacking on 01 April 2015
The Company will be releasing its third quarter 2018 report on 01 November 2018 at 07:00hrs CET (10:00hrs UAE). A webcast and conference call will be hosted by Polarcus commencing at 08:00hrs CET (11:00hrs UAE).
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 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs approximately 350 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com