Polarcus in 3D project award off South America

Marine geophysical player Polarcus has received a letter of award from an unnamed client for the acquisition of a 3D marine seismic project in South America.

Polarcus said on Thursday that the project would begin in the first quarter of 2018 and had a scheduled duration of approximately two months.

The company did not reveal any financial details nor the name of the vessel to be used for the project.

Recently, Polarcus extended a collaboration agreement with Norwegian geophysical player TGS for an additional year. The two companies signed the initial deal regarding a multi-client collaboration and vessel agreement back in October 2016.

Also, TGS extended its vessel commitment with Polarcus to the end of 2018 for up to 10,000 square kilometers.

Offshore Energy Today Staff