Polarcus Scores Wide-azimuth Project
UAE based marine geophysical company Polarcus announced on Monday that it has been awarded a wide-azimuth project to be acquired in the Americas.Polarcus Naila and Polarcus Adira will perform the acquisition, and the project is expected to commence in early August 2019 with a duration of approximately four months; a total of eight vessel months.Following this award, Polarcus said its fleet is 100% booked for the second and third quarters of 2019. Its fleet is currently 60% booked for the fourth quarter of 2019 and 45% booked for the first quarter of 2020.
Polarcus Awarded 3D project in West Africa
Offshore geophysical company Polarcus said it has been awarded a contract for a 3D marine seismic acquisition project in West Africa.The project will commence in the first quarter of 2019 with an approximate duration of six weeks.
Polarcus Wins 3D Seismic Project Off Mexico
UAE-based marine geophysical company Polarcus announced Thursday it has been awarded a 3D marine seismic acquisition project offshore Mexico for an unnamed customer.Polarcus said the project duration is approximately 45-days and is scheduled to commence in the second quarter of 2019.
Polarcus Awarded Middle East Project
Marine geophysical firm Polarcus Limited announced it has won a contract from Dubai Petroleum Establishment for a combined towed streamer and ocean bottom node (OBN) 3D seismic acquisition and processing project in the Middle East.The project will commence in the first quarter of 2019 and run for approximately three months. The towed streamer seismic will be acquired by the vessel Vyacheslav Tikhonov. The OBN acquisition services for the project will be provided by fellow seismic data acquisition company SAE Exploration.Polarcus said the core of its fleet is heavily booked in the first quarter of 2019
Polarcus Wins 4D Project in the Far East
Marine geophysical company Polarcus Limited announced Monday that its subsidiaries have entered into a memorandum of agreement with Sovcomflot GEO (SCF GEO), to provide 4D marine seismic acquisition services in the Far East for a major exploration and production company.The program requires two Polarcus ICE-1A class vessels and will commence in Q2 2019 running for approximately three months, a total of six vessel months, Polarcus said.The company expects contractual arrangements and associated third party approvals to be finalized before the end of January 2019.
Polarcus Awarded Work in West Africa
Offshore geophysical company Polarcus Limited announced Monday that it has received a contract award for an XArray marine seismic acquisition project in West Africa.The project will commence in Q1 2019 with an approximate duration of two months.Polarcus said that with the award its fleet is 90 percent booked for Q1 2019.
PGS Sues Polarcus in Australia
Offshore geophysical company Polarcus Limited said it is being sued by PGS Australia Pty Ltd for patent claims relating to the acquisition of seismic data on three surveys in Australia and the processing of that data."These proceedings follow three years of intermittent correspondence from PGS in response to which Polarcus, supported by leading patent counsel, has provided overwhelming evidence that Polarcus' activity did not intersect the patent," the company said in an announcement on Friday.Polarcus said it intends to challenge the validity of all relevant aspects of PGS' Australian
Polarcus Wins High-res 3D Project
Marine geophysical company Polarcus announced Wednesday that it has been awarded a contract to perform a high-resolution 3D marine seismic acquisition project in North America.The project duration is approximately 45 days and is expected to commence in the second quarter of 2019.
Polarcus Wins 3D Project in West Africa
Offshore geophysical firm Polarcus Limited said Thursday it has received an award for a 3D marine seismic acquisition project in West Africa.The award comprises two surveys of approximately three months each, with the first survey expected to commence Q2 2019 and the second survey Q4 2019.
TGS Remains Upbeat as Shares Drop
percent fall is a way too heavy reaction for a singular quarterly result." He added that the outlook for seismic firms is improving.The share price drop at TGS, the largest seismic company by market capitalization listed in Oslo, dragged down other firms in the industry, Stene said.Seismic surveyor Polarcus, which also reported third-quarter results on Thursday, was down 9.2 percent, while rival PGS was down 3.4 percent.Upbeat OutlookTGS said it expected oil companies to increase spending on exploration and seismic surveys in 2019, supported by strong cash flows this year and a need to replenish depleted
Polarcus Awarded 3D Project in Southeast Asia
Marine geophysical company Polarcus Limited said it has been awarded a 3D marine seismic acquisition project in South East Asia.The project duration is approximately four months and is scheduled to commence in Q4 2018.Following this award, the Polarcus fleet is 100 percent booked for Q4 2018.