Polarcus receives Letter of Award from Nexen

Polarcus Limited (OAX: PLCS) announced today that it has received a Letter of Award from Nexen Petroleum U.K. Limited. for a 3D seismic acquisition project in the UK sector of the North Sea. The project will be acquired by Polarcus Naila, the Company’s second 12 streamer 3D seismic vessel. The project will commence in June 2010 and is expected to run for approximately 25 days