UAE: Polarcus Receives LOA for 3D Offshore Seismic Survey

Polarcus Limited announces that the Company has received a Letter of Award for a 3D offshore seismic acquisition project for an undisclosed client.

The project, to be acquired by POLARCUS NAILA and subject to the execution of a service contract, will commence in Q4 2011 and is expected to run for approximately 40 days.

About Polarcus

Polarcus  is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 400 professionals. The Company’s principal office is in Dubai, United Arab Emirates.

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Source:Polarcus , April 8, 2011; Image: