New deal for two Polarcus vessels

  • Business & Finance
One od Polarcus’ vessels. Source: Polarcus

Marine seismic player Polarcus has secured a 4D seismic project in the Far East. 

Polarcus said on Monday it had entered into a memorandum of agreement with Russia’s Sovcomflot GEO to provide 4D marine seismic acquisition services in the Far East for a “major E&P company.”

The program requires two Polarcus ICE-1A class vessels and will start in the second quarter of 2019 running for approximately three months, a total of six vessel months.

Polarcus added that contractual arrangements and associated third party approvals are expected to be finalized before the end of January 2019.

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