Search results for: Polarcus Samur

1939 results

A list of search results

  • 2 January 2013

    Polarcus has completed negotiations and agreed final agreements with Turkish TPAO for the sale and reflagging of the 8-streamer 3D seismic vessel Polarcus Samur combined with the provision by Polarcus of seismic data acquisition, fast-track data processing, management and crewing services for the vessel over a 3 year period. The total value of the collaboration […]

  • 3 March 2011
    Business & Finance

      Polarcus Limited announces that Polarcus Samur Ltd, a member of the Polarcus Group, took delivery on 02 March 2011 of POLARCUS SAMUR, the fourth 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Drydocks World – Dubai in the United Arab Emirates and is transiting directly to Namibia […]

  • 29 October 2010
    Business & Finance

    Polarcus Limited announced today that the Company has received two Letters of Intent for a combined minimum work program of 3,550 square kilometers offshore Southwest Africa, with the high potential for the program to expand to 5,000 square kilometers. The two separate Letters of Intent require the deployment of two 3D seismic vessels, POLARCUS NAILA […]

  • 2 January 2013
    Business & Finance, Project & Tenders

    Polarcus has successfully completed the aforementioned negotiations with the Turkish Petroleum Corporation (“TPAO”) and agreed final agreements for the sale and reflagging of the 8-streamer 3D seismic vessel Polarcus Samur combined with the provision by Polarcus of seismic data acquisition, fast-track data processing, management and crewing services for the vessel over a 3 year period. […]

  • 17 February 2011
    Business & Finance

      Polarcus Limited announced that it has held a double naming ceremony on 16 February 2011 for the Company’s newest vessels, POLARCUS SAMUR and POLARCUS ALIMA, to join the industry’s most modern 3D seismic fleet. The ceremony was held at the Drydocks World – Dubai shipyard in the United Arab Emirates and was attended by […]

  • 15 June 2011
    Business & Finance

      On May 14, a PGS vessel completed the acquisition of 1,500 km2 of 3D seismic survey in the Block 2815 of the Orange Sub-basin, which data is now being processed. However, the 3D seismic data acquisition held by the vessel Polarcus Samur, which was being performed in the offshore 2813A, 2814B, 1914A and 2713A […]

  • 15 June 2011
    Business & Finance, Operations & Maintenance

      On May 14, a PGS vessel completed the acquisition of 1,500 km2 of 3D seismic survey in the Block 2815 of the Orange Sub-basin, which data is now being processed. However, the 3D seismic data acquisition held by the vessel Polarcus Samur, which was being performed in the offshore 2813A, 2814B, 1914A and 2713A […]

  • 2 February 2012
    Business & Finance

    UAE-based seismic specialist, Polarcus Limited has received a Letter of Intent from Shell Kanumas A/S for a nominal 8,500 sq. km 3D seismic acquisition project offshore Greenland. The project, to be acquired by two ICE-1A/1A* class vessels, POLARCUS AMANI and POLARCUS SAMUR, will commence in Q3 2012. Delivered Q1 2011 Polarcus Samur is an ultra-modern […]

  • 30 April 2013
    Business & Finance

    Polarcus Limited, a marine geophysical company which specializes in high-end towed streamer data acquisition, announces the release of its first quarter 2013 financial statements. Highlights in the first quarter 2013: – Revenues of USD 144.8 million, up 45% from Q1 2012 – EBITDA of USD 52.9 million, up 103% from Q1 2012 – EBIT of […]

  • 19 January 2012
    Business & Finance

    Polarcus Limited, a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole announces, has signed a Letter of Intent with an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project, to be acquired by POLARCUS SAMUR, will commence in […]

  • 10 December 2012

    Polarcus Limited has been invited to enter into final negotiations with the Turkish Petroleum Corporation (“TPAO”) over a long-term collaboration arrangement between the parties, which will include the sale and reflagging of the 8-streamer 3D seismic vessel Polarcus Samur combined with the provision by Polarcus of seismic data acquisition, management and crewing services for the […]

  • 15 June 2011
    Business & Finance

    On May 14, a PGS vessel completed the acquisition of 1,500 km2 of 3D seismic survey in the Block 2815 of the Orange Sub-basin, which data is now being processed, said HRT yesterday on its website. However, the 3D seismic data acquisition held by the vessel Polarcus Samur, which was being performed in the offshore […]

  • 21 September 2010

    Polarcus Limited  announced today that the Company is upgrading POLARCUS SAMUR from the current 6 streamer arrangement to an 8 streamer configuration. The upgrade will enable the Company to take advantage of the evolving seismic market environment and provide the flexibility to tender the vessel on a larger number of contracts. This will have a […]

  • 10 December 2012
    Business & Finance, Project & Tenders

    Polarcus Limited announces that the Company has been invited to enter into final negotiations with the Turkish Petroleum Corporation (“TPAO”) over a long-term collaboration arrangement between the parties, which will include the sale and reflagging of the 8-streamer 3D seismic vessel Polarcus Samur combined with the provision by Polarcus of seismic data acquisition, management and […]

  • 1 May 2013

    Polarcus Limited, a UAE-based seismic acquisition specialist has reported its revenues for  the Q1 of USD 144.8 million, up 45% from Q1 2012. The company’s EBITDA was USD 52.9 million, up 103% from Q1 2012. Net Cash Flow from operations was USD 40.5 million. In Q1 2013 Polarcus continued to deleverage the Company through the sale of Polarcus […]

  • 11 February 2013
    Business & Finance

    Polarcus announces that the Company has completed the sale and delivery of the 8-streamer 3D seismic vessel POLARCUS SAMUR to Turkish Petroleum Corporation (TPAO). The vessel is to be repainted red and white in the design of the new vessel owner and renamed Barbaros Hayreddin Pasa. Polarcus has simultaneously commenced the 3 year support services […]

  • 11 February 2013

    UAE’s Polarcus has completed today the sale and delivery of the 8-streamer 3D seismic vessel POLARCUS SAMUR to Turkey’s TPAO. The vessel is to be repainted red and white in the design of the new vessel owner and renamed Barbaros Hayreddin Pasa. Polarcus has simultaneously commenced the 3 year support services agreement with TPAO covering […]

  • 19 January 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    Polarcus Limited announces that the Company has signed a Letter of Intent with an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project, to be acquired by POLARCUS SAMUR, will commence in late January and is expected to run for approximately 40 days. About Polarcus Polarcus is a pure play marine […]

  • 3 February 2013
    Business & Finance

    1. Hallin Marine’s Penrith Vessel Sinks Offshore Myanmar Hallin Marine announced that the offshore support vessel Penrith sunk offshore Myanmar after it had a major incident last week. 2. VIDEO: Giant Squid Caught On Tape for the First Time Offshore Japan Ocean explorers have finally achieved one of their most alluring but elusive goals: video […]

  • 10 August 2018
    Business & Finance, Operations & Maintenance, Project & Tenders

    Polarcus’ technical and operational support service agreement with Turkish Petroleum will come to an end on October 3, 2018, the Oslo-listed seismic player said on Friday. The deal, last extended in February this year, covered seismic data acquisition management, maritime management and crewing support on the vessel Barbaros Hayreddin Pasa. The initial contract was completed […]

  • 14 February 2018
    Business & Finance, Operations & Maintenance, Project & Tenders

    Polarcus has been awarded a one-year extension of the support services agreement with Turkish Petroleum. The deal follows the extension of the support services agreement secured in January 2016, covering seismic operational support, maritime management and crewing support. The initial contract was completed in 2013 when Polarcus agreed the sale and re-flagging of the 8-streamer […]

  • 6 October 2011
    Business & Finance

    Polarcus Limited announces that the Company has signed the loan documentation for a bank loan facility of USD 410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together with Garanti-instituttet for Eksportkreditt (GIEK) and Eksportfinans ASA (the “Fleet Bank Facility”). The loan documentation replaces the committed term sheet that was announced […]