Search results for: Duncan Eley

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  • 16 April 2013
    Business & Finance

    Polarcus Limited (Polarcus) announce the appointment of Duncan Eley as Chief Operating Officer (COO) of the Company. Effective May 01, 2013, Eley will assume the position of COO and head the Company’s three business lines; Sales and Marketing, Multi-Client and Marine Acquisition, together with the EHSQ and Information Technology support departments. The establishment of this […]

  • 17 March 2017
    Business & Finance

    Polarcus has appointed Duncan Eley as the company’s new chief executive officer. Eley, Polarcus’ COO since May 2013, replaces Rod Starr, who has resigned from Polarcus following the completion of a two year period of restructuring, refinancing and reorganisation. Peter Rigg, chairman of the board for Polarcus, said: “Rod has made a significant and transforming contribution […]

  • 17 March 2017
    Business & Finance

    Marine seismic player Polarcus has appointed Duncan Eley as Chief Executive Officer of the company to succeed Rod Starr.  Rod Starr has resigned from the company following the completion of a two-year period of restructuring, refinancing and reorganization, Polarcus informed on Friday. Peter Rigg, Chairman of the Board for Polarcus, commented: “Rod has made a […]

  • 7 September 2015
    Operations & Maintenance, Project & Tenders

    Polarcus has received a Letter of Award from Shell Myanmar Energy PTE Ltd for a 3D marine seismic project offshore Myanmar. The project is currently expected to start in Q4 2015, Polarcus wrote in a press release. Commenting on this award, Duncan Eley, COO Polarcus, said: “With this award from a returning customer, the Company continues to strengthen […]

  • 3 March 2017
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Polarcus has finalized a contract for 3D marine seismic acquisition in Australia, and secured a 30-day extension to the West African campaign. The Australia program should deliver broadband data-set utilizing one of the Polarcus X-bow vessels. The project is due to start in Q3 2017 and will run for approximately two months. The West African campaign, initially announced […]

  • 26 February 2016
    Business & Finance, Operations & Maintenance

    Polarcus has received multiple awards which together extend the fleet backlog by six vessel months, the Oslo-listed company said on Friday. The projects will be carried out by multiple Polarcus vessels and start in Q1 and Q2 2016. Duncan Eley, Polarcus COO, said: “Two of the awards are extensions of current projects. Such extensions reflect the […]

  • 16 April 2013
    Business & Finance

    Polarcus Limited (“Polarcus” or the “Company”) announces the appointment of Mr. Duncan Eley as Chief Operating Officer (“COO”) of the Company. Effective May 01, 2013, Mr. Eley will assume the position of COO and head the Company’s three business lines; Sales and Marketing, Multi-Client and Marine Acquisition, together with the EHSQ and Information Technology support […]

  • 12 November 2019
    Business & Finance, Equipment, Operations & Maintenance

    Polarcus has signed a memorandum of understanding with Arabian Geophysical and Surveying Company (ARGAS) to collaborate on seismic projects in the MENA region. Polarcus provides marine seismic acquisition capabilities and cloud-based priority processing services, while ARGAS provides regional expertise in land, transition zone and shallow water seismic data acquisition and associated data processing. Together, the […]

  • 7 September 2015

    Seismic contractor Polarcus has received a Letter of Award from Shell Myanmar Energy PTE Ltd for a 3D marine seismic project offshore Myanmar. According to Polarcus, the seismic survey project is expected to start in Q4 2015. Commenting on this latest award, Duncan Eley, COO Polarcus, said: “With this award from a returning customer, the Company continues […]

  • 15 December 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    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 […]

  • 26 February 2016
    Business & Finance

    Polarcus, a marine geophysical company, has received multiple awards which together extend the fleet backlog by six vessel months. According to the geophysical company, the projects will be carried out by multiple Polarcus vessels and will start in the first and the second quarter of 2016. Commenting on this latest awards, Duncan Eley, COO Polarcus, […]

  • 5 January 2018
    Business & Finance, Operations & Maintenance, Project & Tenders

    Seismic contractor Polarcus said it has extended the agreement with TGS to jointly develop selected 3D multi-client projects for an additional year. The initial memorandum of understanding on multi-client collaboration and vessel agreement was reached in October 2016. Under the agreement, TGS will extend its vessel commitment with Polarcus to the end of 2018 for up to […]

  • 12 February 2016
    Business & Finance, Project & Tenders

    Polarcus has received a Letter of Intent (LoI) for a 4D project over a field offshore Norway. This will be the 8th monitor survey over the field and is part of an improved oil recovery (IOR) plan, Polarcus said. The survey is due to start in May 2016 and will run for approximately eight weeks. Commenting on the award […]

  • 12 February 2016
    Business & Finance

    Marine seismic survey company Polarcus has received a Letter of Intent (LOI) for a 4D project over a field offshore Norway. Polarcus said this would be the 8th monitor survey over the field and is part of an improved oil recovery (IOR) plan. The survey is due to start in May 2016 and will run […]

  • 9 April 2015

    Polarcus Limited has signed a Letter of Award (“LOA”) with TGS-NOPEC Geophysical Company ASA for the charter of the company’s 3D seismic vessel, Polarcus Adira. The charter is for 3 months with an option for a further 3 months extension. The vessel will be operating offshore Norway. In a separate statement, TGS said that, under the agreement, it will acquire 3,000 km2 […]

  • 21 January 2016
    Business & Finance, Equipment, Operations & Maintenance

    Seismic player Polarcus informed it is setting new acquisition performance records in its 3D marine seismic project offshore Myanmar. Namely, the company’s seismic vessel, Polarcus Amani, is towing an in-sea configuration that measures 1.8 kilometers wide across the front ends. With each of the ten streamers separated by 200m, the total area covered by the spread […]

  • 9 April 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    Norwegian seismic contractor, Polarcus, has inked a Letter of Award (LOA) with TGS-NOPEC Geophysical Company ASA (TGS) for the charter of POLARCUS ADIRA, the Company’s 3D seismic vessel. According to TGS, Polarcus is to acquire 3,000 square kilometers of 3D seismic data in Northwest Europe with a potential extension of up to a total of 7,000 square […]

  • 24 April 2017
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Oslo-listed Polarcus said it has delivered the vessel ‘Polarcus Amani’ to SCF GEO (Sovcomflot) following the charter agreement announced in February this year. The fixed period of the charter will be 5 1/2 years with options to extend for up to four additional months. The vessel was delivered without streamers, providing the Polarcus fleet with one […]

  • 5 January 2018
    Business & Finance

    Marine seismic acquisition company Polarcus has extended the agreement with Norwegian geophysical player TGS for an additional year.

  • 15 December 2015

    Polarcus, an Oslo-listed seismic acquisition specialist, has received a letter of intent for a 3D seismic contract. The company, headquartered in Dubai, did not reveal the identity of the client. Polarcus said that it would be utilizing its RightBAND(TM) technique for broadband data acquisition. According to the statement issued Tuesday, the project is expected to […]

  • 4 August 2017
    Business & Finance, Operations & Maintenance

    Seismic contractor Polarcus has posted quarterly loss on revenue drop of some 47 percent when compared to same time last year. The Oslo-listed company has seen its net loss widened by $22.5 million for the quarter ended June 30, 2017, versus loss of $11.2 million in Q2 2016. Polarcus also recognised negative EBITDA of close […]

  • 22 June 2020
    Business & Finance, Business developments & projects, Human Capital, Market outlooks, Outlook & strategy

    Polarcus is taking further actions to streamline its business and adjust operational capacity to align with current market conditions. This follows on the $15 million cost reduction plan implemented due to the COVID-19 pandemic and oil price volatility. The company has additionally streamlined and reshaped onshore and offshore organisation with a 20 per cent reduction […]