Polarcus Receives LOI from Wintershall for Seismic Survey Offshore Norway

Polarcus Limited has received a Letter of Intent from Wintershall Norge ASA for a 500 square kilometer 3D seismic acquisition project over PL577 in the Norwegian North Sea, offshore Norway. The project, subject to the execution of a service contract, will be acquired during the 2011 summer season and is expected to run for approximately 20 days.

About Polarcus

Polarcus  is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 400 professionals. The Company’s principal office is in Dubai, United Arab Emirates

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Source: Polarcus, April 26,2011;