Polarcus to Conduct Seizmic Exploration Offshore Nigeria

Polarcus Limited  announced today that the Company, in association with its partner Sonar Limited, has received a Letter of Intent from OMEL Exploration and Production Nigeria Limited for a 530 square kilometer 3D seismic acquisition project over block OPL 279, offshore Nigeria.

The project, to be acquired by POLARCUS NAILA, will commence in October 2010 and is expected to run for approximately 25 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 is launching a fleet of modern 3D seismic vessels using the innovative ULSTEIN X-BOW® design and incorporating advanced maritime technologies for improved operational efficiency with a reduced environmental footprint. Polarcus offers contract seismic surveys and multi client projects worldwide and has its principal office in Dubai, United Arab Emirates.

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Source: Polarcus, August 4, 2010: