MTR 100: Polarcus
Posted by Irina Tabakina
Almas Tower, Level 32, Jumeirah Lakes Towers,
Dubai, United Arab Emirates
+941 4 43 60 800
CEO: Rolf Rønningen
Founded in 2008, Polarcus has the vision of delving into the depths of seismic activity while leaving the environment unharmed. The company has achieved this by employing tactics such as reduction, recycling, and emissions indexing. It has been able to maintain a fleet that is among the most advanced in the world in order to address current and future problems.
Polarcus carried out a propulsion and streamer upgrade on its Polarcus Naila, leading to less utilization and reduced revenue in the first quarter of 2014. Despite this, technical downtime and operational costs were both low, proving that the company has still provided high-quality services. CEO Rønningen remarked that the weak market from the end of last year has continued over, so it was in the company’s best interests to spend this time upgrading the vessel to increase potential revenue in the future.
(As published in the July/Aug 2014 edition of Marine Technology Reporter - http://www.marinetechnologynews.com/Magazine)