Polarcus gets LOI for Barents Sea project

Offshore geophysical company Polarcus has received a Letter of Intent (LOI) for an XArray project in the Norwegian Barents Sea for an undisclosed client.

The survey is due to start in August 2016, after required authorization has been obtained, and will run for approximately 4 weeks, Polarcus said in a press release on Monday.

However, the geophysical company did not reveal the identity of the client nor the value of the potential deal.

The company stated that this extends the Polarcus North West Europe campaign and replaces the previously announced project in Morocco which will no longer be acquired by Polarcus.

To remind, Polarcus recently received a LOI from the Spanish oil company Repsol under which Polarcus was supposed to carry out a broadband 3D survey offshore Morocco, starting in the third quarter of 2016.

According to Polarcus, XArray is an acquisition configuration developed to deliver real un-interpolated data quality and make full use of today’s larger streamer spreads.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 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 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

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