Polarcus sells Capreolus 3D survey offshore Australia

One of Polarcus’ vessels; Image source: Polarcus

Marine seismic acquisition company Polarcus has signed an agreement for the sale of its Capreolus 3D survey offshore Australia.

Polarcus said on Friday that its 22,130 square kilometers of Capreolus 3D survey was sold by a company subsidiary in return for a cash consideration of $6.5 million.

According to the company, the transaction will result in a non-cash gain of approximately $4.9 million.

The transaction is subject to the execution of ancillary agreements with target closing date on or before July 31, 2018.

Earlier this month, Polarcus was awarded an XArray 3D marine seismic acquisition project in northwest Europe.

The project duration was for approximately two months and was expected to start in July 2018.

Share this article

Follow Offshore Energy Today

Events>

<< Nov 2019 >>
MTWTFSS
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 1

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation…

read more >

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

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