Polarcus receives Letter of Award from Statoil

Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has received a Letter of Award from Statoil for a 118 square kilometer 4D seismic acquisition project over PL037 Statfjord Nord and Sygna in the Norwegian Sea, offshore Norway. The project, subject to the execution of a service contract, will be acquired during the 2011 summer season and is expected to run for approximately 25 days.
Source: POLARCUS