PXGEO Names Tony Bowman CEO
PXGEO from an executive career at Schlumberger. During his almost 30-year tenure, he held a number of senior roles across multiple geographical locations, including president, WesternGeco as well as president, Schlumberger Information Solutions.Bowman’s appointment follows the departure of CEO Duncan Eley, who has decided to resign and leave PXGEO. The company's founder Peter Zickerman will serve as interim CEO.PXGEO also announced changes to its board of directors. Zickerman, a current director, has been appointed executive chairman of the board, and Christopher Mallon has joined the board
PXGEO Buys Fugro's OBN Subsidiary Seabed Geosolutions
, intellectual property and project backlog. In addition, a significant number of personnel responsible for the successful delivery of over 44,000 sq. km. of OBN projects have accepted employment with PXGEO," PXGEO said. It did not say how many people exactly had joined the company.Duncan Eley, CEO of PXGEO said: "This is a key milestone for PXGEO, enabling us to provide both towed streamer and OBN geophysical services to our global client base. The acquisition also brings an important portfolio of proprietary OBN technology to the company. "PXGEO is currently engaged
Polarcus Signs MOU with ARGAS
data processing. Together, the firms will work to identify opportunities and execute projects in the MENA region.“Leveraging the core strengths and capabilities of both parties will deliver enhanced imaging and a reduced exploration cycle to E&P companies in the region,” said Duncan Eley, Polarcus, CEO
Polarcus Extends Cooperation with TGS
; The recently announced XArray project in the Gulf of Mexico with TGS forms part of this commitment. Additional awards under this commitment will be announced separately. "This agreement will continue to leverage the core strengths and expertise of both parties," stated Duncan Eley, Polarcus CEO. "Polarcus acquired over 15,000 sq.km of high quality broadband 3D seismic data for TGS during 2017 and the collaboration will further drive vessel utilization in 2018."
Polarcus Issues Share Options to CEO
Oslo listed Polarcus Limited has awarded 1,300,000 share options to the company's recently appointed Chief Executive Officer, Duncan Eley, in accordance with the company's 2016 share option plan of which the main terms were approved in the Annual General Meeting on May 12, 2016. Following the award, Eley holds 2,658,500 Options under the 2016 share option plan and 50,000 shares. The awarded share options have an exercise price of NOK 0.24, being the volume weighted average price for which the Polarcus shares have been traded at Oslo Stock Exchange in the prior 30-day trading period. The
Polarcus Amani Delivered to Sovcomflot
fleet with one excess streamer package, which the company said will significantly reduce its capital expenditure requirements through 2017 and 2018. The Polarcus Group now has two vessels on long-term bareboat charter and operates a fleet of four vessels in the contract market. Duncan Eley, Group CEO said, “We are very pleased that Sovcomflot has taken a second Polarcus vessel on bareboat charter, reinforcing our collaboration with a strategic client. We see this as a strong endorsement of our vessels' capabilities and suitability for state of the art seismic data acquisition
Eley to Take over as Polarcus CEO
Duncan Eley has been appointed chief executive officer of Oslo listed offshore geophysical services company Polarcus Limited, replacing Rod Starr, who has resigned following a two year reorganization period. Eley has been promoted to the CEO role from his current position as chief operating officer, succeeding Starr effective immediately. Starr will continue to work with the executive management team and Polarcus' Board of Directors for a transition period during the second quarter of 2017. For the near term, Polarcus will eliminate the COO position “to better align
Polarcus Grows Vessel Backlog
Seismic vessel owner Polarcus Limited announced it has received multiple awards which together extend the fleet backlog by six vessel months. The projects will be carried out by multiple Polarcus vessels and commence in the first and second quarters of 2016. Commenting on this latest awards, Duncan Eley, COO of the Dubai-based Polarcus, said, “Two of the awards are extensions of current projects. Such extensions reflect the excellent performance of our vessels and are beneficial to Polarcus as the fleet utilization can be optimized by increasing backlog without additional transit, which
Polarcus Wins Broadband 4D Project off Norway
4D project over a field offshore Norway. This will be the eight monitor survey over the field and is part of an improved oil recovery (IOR) plan. The survey is due to commence in May 2016 and will run for approximately eight weeks, Polarcus said. Commenting on the award, Polarcus COO Duncan Eley stated, “We are very pleased to have been chosen for this 4D acquisition which has been designed to develop a monitoring program for optimal well placement and drainage of the field. The project now forms part of a substantial work program that we have for the coming season and underlines
February 2024
