Search results for: Polarcus

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  • 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 […]

  • 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 […]

  • 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. […]