Polarcus Wins New Seismic Deal

Oslo-listed seismic contractor, Polarcus, has received a Letter of Intent (LOI) from an undisclosed client for a 3D marine seismic contract.

According to Polarcus, the project will start imminently and will run for approximately two months.

The company’s 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.

Duncan Eley, COO Polarcus, said: “Such an award in this challenging market is the result of us continuing to work closely with our clients to ensure exceptional service delivery with safe operations, high quality data and extremely efficient seismic acquisition solutions.”

The company did not disclose the location of the survey nor the potential value of the deal.