Polarcus inks LOI for seismic survey job in UKCS
- Business & Finance
Polarcus Limited has signed a Letter of Intent (LOI) with an undisclosed client for a 3D marine seismic project on the UK Continental Shelf utilizing Polarcus’ RightBAND(TM) technique for broadband data acquisition.
The project, subject to the execution of a service contract, will start in Q2 2015 and is expected to run for approximately 25 days, with an option for a second project immediately following of approximately 16 days.
The company did not reveal the financial value of the contract, nor the name of the vessel to be used.