Polarcus Bags Egypt Shoot

Seismic player Polarcus has secured a contract with an undisclosed client for a 3D marine seismic project offshore Egypt.

This is another deal Polarcus scored offshore Egypt, having previously announced a 50-days seismic shoot in March this year.

The project, expected to run for approximately two and a half months, is scheduled to start in the fourth quarter of 2015.

According to the Oslo-listed company, RightBAND technique will be used for broadband data acquisition. Reportedly, this technique is aimed at maximizing signal-to-noise at target geologic horizons by tuning the seismic source and receivers to the right frequency band to deliver optimized de-ghosted broadband 3D images.

Polarcus did not disclose the commercial terms between the parties.