Launch of "Polarcus Naila"

"Polarcus Naila" is the second vessel in the Polarcus fleet, purpose built for the high-end 3D marine seismic market and capable of towing up to 12 by 8,000m streamers. The shipbuilding contract for the vessel was signed last year. Like her sister ship "Polarcus Nadia", launched in June, "Polarcus Naila" incorporates many new and innovative design features ranging from the distinctive Ulstein X-BOW® hull to the Selective Catalytic Reduction (SCR) system, designed to maximize operational performance and minimize emissions. The sophisticated double hull design also incorporates a range of advanced safety features including a DP 2 dynamic positioning system.

Once in service, "Polarcus Naila" will be one of the most environmentally friendly and technologically sophisticated marine seismic vessels in the market, providing advanced 3D towed marine seismic services worldwide to the oil and gas industry.

Fit out of the vessel will continue at Drydocks World - Dubai and delivery is scheduled for Q4 2009.