Polarcus buys Dolphin’s streamer package

Polarcus buys Dolphin's streamers
Image by Karol Rogalski

Polarcus, an offshore geophysical company, has announced the purchase of a complete marine seismic in-sea acquisition system from a Norway-based seismic acquisition specialist, Dolphin Geophysical, for a price of $11.5 million.

The streamer package comprises 12 x 8100m active streamers and all peripheral in-sea equipment.

According to Polarcus, the purchase provides the company with its planned seismic capex requirements for the next three years, and is within its previously guided capex budget for 2016.

Polarcus also said that the purchase is partly financed through a loan of $8 million.

Back in  December 2015, Dolphin Group filed for bankruptcy after an attempt to restructure the company had failed. Following the bankruptcy, Dolphin’s shares were delisted from the Norwegian stock exchange, Oslo Børs.

 

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both domestic and overseas buyer groups, including Shell, Exxon Mobil, Total…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply