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Last 0.29 NOK
Change Today +0.01 / 3.57%
Volume 710.2K
PLCS On Other Exchanges
As of 7:25 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

polarcus ltd (PLCS) Snapshot

0.29 NOK
Previous Close
0.28 NOK
Day High
0.30 NOK
Day Low
0.29 NOK
52 Week High
07/30/14 - 3.34 NOK
52 Week Low
03/23/15 - 0.26 NOK
Market Cap
Average Volume 10 Days
-0.17 NOK
Shares Outstanding
Dividend Yield
Current Stock Chart for POLARCUS LTD (PLCS)

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polarcus ltd (PLCS) Details

Polarcus Limited, a marine geophysical company, provides marine acquisition and processing services to oil and gas companies worldwide. The company specializes in towed streamer data acquisition and imaging services from pole-to-pole. Its contract services include conventional 3D surveys, broadband data acquisition, wide and multi-azimuth projects, high density 4D production surveys and advanced onboard processing and imaging services; and multi-client project library services. The company operates a fleet of seven 3D seismic vessels, including a management agreement with Turkish Petroleum Corporation for seismic data acquisition, management, and crewing services for one vessel. The company was incorporated in 2007 and is based in Dubai, the United Arab Emirates.

600 Employees
Last Reported Date: 04/30/15
Founded in 2007

polarcus ltd (PLCS) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $477.0K
Chief Operating Officer
Total Annual Compensation: $429.0K
Head of Strategic Investments and Executive V...
Total Annual Compensation: $608.0K
Compensation as of Fiscal Year 2014.

polarcus ltd (PLCS) Key Developments

Polarcus Limited Signs Letter of Intent with TGS-NOPEC Geophysical Company ASA

Polarcus Limited announced that the company has signed a letter of intent with TGS-NOPEC Geophysical Company ASA for the charter of an estimated six months of 3D vessel capacity from Polarcus in 2016 in order to acquire a number of individual projects in line with the TGS 2016 investment plan. Under the terms of the letter of intent, TGS will offer Polarcus the right of first refusal for the charter of 3D vessel capacity to acquire discrete projects of up to 10,000 sq. km in total.

Polarcus Limited Signs Agreement with TGS Nopec Geophysical Co. ASA to Extend 3D Vessel Charter, Offshore Norway

Polarcus Limited announced the Letter of Award from TGS-NOPEC Geophysical Company ASA for a 3 month charter of the company's 3D seismic vessel, POLARCUS ADIRA, with an option for a further charter. Polarcus announced that the company has received an LOA for the above referenced option, which will commence immediately following completion of the current charter for TGS.

Polarcus and National Petroleum Corporation of Namibia Sign Collaboration Agreement

Polarcus Limited (Polarcus) and the National Petroleum Corporation of Namibia (NAMCOR) have signed a Memorandum of Understanding (MOU) that aims to assist with the responsible exploration and development of Namibia's offshore petroleum resources through a collaboration comprising various geoscience initiatives and the provisionof specialist business support services. Under the terms of the MOU, Polarcus and NAMCOR will work together to identify opportunities and develop initiatives to enhance and promote the petroleum potential using Polarcus' specialist services and expertise. Polarcus will provide 3D/4D marine seismic acquisition and processing services together with its geoscience expertise to help promote industry investment offshore Namibia. The partnership agreement comes at an opportune time for Namibia, with the country's position on the global hydrocarbon map having seen tremendous growth in recent years.


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PLCS Competitors

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