Polarcus has completed negotiations and agreed final agreements with Turkish TPAO for the sale and reflagging of the 8-streamer 3D seismic vessel Polarcus Samur combined with the provision by Polarcus of seismic data acquisition, fast-track data processing, management and crewing services for the vessel over a 3 year period.
The total value of the collaboration arrangement over the 3 year period, including the sale of the vessel, is approximately USD 213 million.
TPAO will take delivery of Polarcus Samur in late January / early February.
Related:
TPAO Buying Polarcus Samur Seismic Vessel (Turkey)
[mappress] January 2, 2013