Search results for: Polarcus

788 results

A list of search results

  • 4 October 2013
    Equipment

    Polarcus, a UAE-based seismic survey specialist, has entered into a settlement with WesternGeco concerning the lawsuit filed by WesternGeco against Polarcus Limited and Polarcus US Inc for alleged patent infringement through a paid worldwide license for WesternGeco patents relating to steering marine seismic streamers and arrays. The license fee has been agreed at $40m, payable over 2013-2015 in equal amounts. […]

  • 21 June 2012
    Business & Finance

    Polarcus Limited ( PLCS) announced that Polarcus Adira AS, a member of the Polarcus Group, took delivery today, 21 June 2012, of POLARCUS ADIRA, the eighth 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Ulstein Verft in Norway and following a short shakedown will commence operations on the […]

  • 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 March 2012
    Business & Finance

    Polarcus Limited announcde that Polarcus Amani AS, a member of the Polarcus Group, took delivery today, 29 March 2012, of POLARCUS AMANI, the seventh 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Ulstein Verft in Norway and following a short shakedown will commence the previously announced charter for […]

  • 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 […]

  • 2 May 2018
    Business & Finance, Equipment

    Marine seismic acquisition company Polarcus has received a Letter of Award for an XArray 3D marine seismic acquisition project in the Asia Pacific. The Polarcus XArray is an acquisition configuration developed by Polarcus to deliver ‘superior’ data quality and make full use of today’s larger streamer spreads. According to Polarcus, it improves both in-line shots […]

  • 2 September 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Seismic contractor, Polarcus, has secured a new contract with an undisclosed client for a 3D marine seismic project in Australia. According to the Oslo-listed company, the project is  scheduled to start in the forth quarter of 2015, following the completion of the Capreolus 3D shoot, currently being acquired in the same area by the company’s Polarcus Asima, Polarcus Amani and Polarcus […]

  • 26 July 2010
    Business & Finance

    Polarcus Limited announced today that subsequent to the successful and on time completion by Polarcus of the first Gassnova 3D survey (“Johansen 3D”) on 04 July 2010, the second 3D project (“Troll Kystnær 3D”) comprising 323 square kilometers offshore Norway has received budgetary approval and will be acquired by POLARCUS NAILA commencing in September 2010. […]

  • 28 June 2013
    Business & Finance

    Polarcus Limited, a UAE-based seismic acquisition specialist, has today entered into an addendum to the sale and lease-back financing arrangements dated 30 June 2008 for Polarcus Nadia and Polarcus Naila. The parties to the arrangement have agreed to amend the charter hire and call options under the terms of the bareboat charter. The current rate of […]

  • 11 August 2011
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Polarcus Limited announced that Polarcus Selma Ltd, a member of the Polarcus Group, took delivery on 08 August 2011 of Polarcus Selma, the sixth 3D seismic vessel to date to join the Polarcus fleet. Polarcus Selma is the sister ship to Polarcus Samur, delivered to the Polarcus Group in March 2011. The vessel was built […]

  • 16 August 2011
    Business & Finance

      Polarcus Limited announced that the Company has received a contract award and a separate Letter of Intent from two undisclosed clients for 3D seismic acquisition projects in Australasia. The projects, to be acquired back-to-back by Polarcus Alima, will commence in Q4 2011 and are expected to run from 5 to 7 months in total. […]

  • 16 August 2011
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Polarcus Limited announced that the Company has received a contract award and a separate Letter of Intent from two undisclosed clients for 3D seismic acquisition projects in Australasia. The projects, to be acquired back-to-back by Polarcus Alima, will commence in Q4 2011 and are expected to run from 5 to 7 months in total. Polarcus is […]

  • 12 December 2011
    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 will commence in January and is expected to run for approximately four months. About Polarcus Polarcus is a pure play marine geophysical company with a pioneering environmental agenda, […]

  • 5 March 2012
    Business & Finance, Operations & Maintenance

    Polarcus Limited announces that the Company has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project will commence in April and is expected to run for approximately 4 months. About Polarcus Polarcus is a pure play marine geophysical company with a pioneering environmental agenda, […]

  • 22 March 2011
    Business & Finance

      Polarcus Limited announces that Polarcus Alima AS, a member of the Polarcus Group, took delivery on 21 March 2011 of POLARCUS ALIMA, the fifth 3D seismic vessel to date to join the Polarcus fleet. POLARCUS ALIMA is the sister ship to POLARCUS ASIMA, delivered to the Polarcus Group in August 2010. The vessel was […]

  • 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 […]

  • 22 March 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

      Polarcus Limited  announces that the Company has signed a second contract with Providence Resources PLC, for a 200 square kilometer 3D seismic acquisition project in the Porcupine Basin, offshore Ireland. This new survey will commence in Q3 2011 immediately following completion of the Company’s two prior 3D seismic acquisition projects offshore Ireland, previously announced […]

  • 16 March 2011
    Business & Finance

    Polarcus Limited announces that the Company has received a Letter of Intent from Lansdowne Oil & Gas PLC for a 300 square kilometer 3D seismic acquisition project in the Celtic Sea, offshore Ireland. The survey will commence immediately following completion of the Company’s first 3D seismic acquisition contract offshore Ireland, previously announced by Polarcus on […]

  • 28 February 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    Polarcus Limited announces that the Company has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore NW Europe. The program will commence imminently and is expected to run for approximately 75 days. About Polarcus Polarcus is a pure play marine geophysical company with a pioneering environmental agenda, specializing […]

  • 2 September 2015
    Business & Finance

    Dubai-based seismic specialist, Polarcus, has signed a contract for a broadband 3D marine seismic project offshore Australia. The company said that it would be utilizing its XArray technique for this broadband high cross line density data acquisition. Polarcus did not disclose the identity of the client, nor the financial details of the contract. According to Polarcus, the […]

  • 19 April 2010

    Polarcus Limited held the naming ceremony for the Company’s third and most sophisticated 3D seismic vessel yet, POLARCUS ASIMA. The ceremony was held at the Drydocks World – Dubai shipyard in the United Arab Emirates and was attended by over 200 local and international guests. POLARCUS ASIMA is a purpose-built 12 streamer 3D seismic vessel […]

  • 6 June 2018
    Business & Finance

    Polarcus has been awarded an XArray 3D marine seismic acquisition project.