Polarcus opens Stavanger office

Polarcus, the UAE-based owner of high-end seismic survey vessels, has opened its first office in Norway to better service and support the Company’s rapidly expanding operations across Norway.

The new office is situated in the center of Stavanger, at Reidar Berges gate 9, and complements the global network of regional marketing offices in London, Houston, Singapore, Moscow, and Rio de Janeiro.

Polarcus has had very close ties with Norway from the Company’s inception in 2008, including successfully listing its shares through an IPO on the Oslo Bors in September 2009 before entering upon its first 3D seismic operations offshore Norway in June 2010.

As Polarcus puts it, appropriately for a company built around an ethos of environmental responsibility, this first project was acquired for Gassnova SF, the Norwegian state enterprise for carbon capture and storage (CCS).

Polarcus also built its two latest vessels, Polarcus Amani and Polarcus Adira, at the Ulstein Yard in Norway.

Polarcus has continued to expand its footprint in Norway ever since, successfully acquiring both proprietary and multi-client projects in the Norwegian and Barents Seas.

Bengt Magnussen, Polarcus’ newly appointed Business Development Manager for Norway is based in the new office in Stavanger.

 

Press Release, May 29, 2014

 

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