No W. Africa deal for Polarcus
- Business & Finance
Marine seismic specialist Polarcus has informed that it will not be acquiring seismic data under the Letter of Intent signed in June.
The company on June 16, 2014, received a Letter of Intent for a 3D marine seismic survey project for an undisclosed customer offshore West Africa.
However, following equity changes in the relevant license block, the letter of intent has not materialized in a service contract, Polarcus, headquartered in Dubai, has informed.
The seismic project was scheduled to start in July 2014 and was expected to run for approximately three months.