Polarcus Ltd secures 3D project in the West African offshore

Polarcus Ltd, an innovative marine geophysical company, is awarded a 3D project offshore in West Africa, a new booming area of oil exploration and development assets.

The contract is expected to commence early in fourth quarter 2017 with a scheduled duration of one month, it said on Monday without details on the value.

The OSE listed company will utilize its own XArray methodology to optimize both data quality and acquisition efficiency.

Richard Price, Senior Vice President, Western Hemisphere, welcomed this project secured for the fourth quarter 2017 backlog of the company.

“With only a short transit, this enables us to optimize vessel utilization and strategically position a vessel in West Africa for follow on work”, he added.

Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency.

It offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs nearly 500 professionals worldwide.