Marine geophysical company Polarcus has received a letter of intent from an unnamed client to pre-fund a multi-client XArray 3D seismic acquisition project in the Middle East.
The project is due to start in the fourth quarter of this year and will run for approximately two months, Polarcus said in a statement on Friday.
The seismic company added that it would be utilizing its XArray multiple source acquisition method during the project.
According to Polarcus, XArray improves both in-line shots by 100- 250 percent and cross-line bin density by up to 400 percent on any streamer separation and can be tailored to provide higher fold data, increase crossline sampling and improve acquisition efficiency.
The company did not reveal any financial details or the name of the vessel to be used for the project in the statement on Friday.
Recently, Polarcus received a letter of award in late September for a broadband 3D marine seismic project in the Asia Pacific region. The project is also due to start in the fourth quarter 2017.