MCG buys Polaris’ Atlantic Margin seismic data
- Business & Finance
MultiClient Geophysical ASA (MCG) has entered into an agreement with Polaris E&E Services Inc. to acquire their Post Stack Reprocessed Atlantic Margin 2D seismic data.
According to MCG’s press release, the company will pay Polaris for the transaction through revenue share of futures sales. Financial details were not disclosed.
The Atlantic Margin data consists of 166,000 km of reprocessed “open file” vintage 2D seismic data, covering the whole East Coast margin of US, from Canada to South of Florida.
“We are pleased to announce that we can add this seismic 2D data base to our existing library. The data will also enable MCG to be in a better position to identify new areas for potential future seismic projects along the East Coast of US,” stated Tom Wolden, CEO, MCG.