Polarcus: seismic market remains "highly competitive"News // August 5, 2015
Marine seismic specialist Polarcus says the seismic market remains "highly competitive" and the outlook "uncertain" but has moved quickly early in the year to focus on business fundamentals.
"Our second quarter results are bearing the fruits of that labour," said the company. "Costs are down, backlog is up and liquidity has improved."
"Looking ahead, we are 100 per cent booked for the third quarter and have more than 80 per cent backlog coverage for the remainder of 2015 with the expectation of more to come as several major industry projects are yet to be awarded."