UAE: Polarcus Receives LoI for 3D Offshore Seismic Survey

 

Polarcus Limited has received a Letter of Intent for a 3D offshore seismic acquisition project for an undisclosed client. The project, subject to the execution of a service contract, will commence in Q2 2011 and is expected to run for approximately 100 days.

As a result of this announcement the Company’s backlog at date has increased to 23 vessel months in total.

About Polarcus

Polarcus  is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 400 professionals. The Company’s principal office is in Dubai, United Arab Emirates.

Source:Polarcus , April 28, 2011;

 

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