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, creating the opportunity to call on the Vyacheslav Tikhonov (ex-Polarcus Selma, currently on bareboat charter to the seismic division of Sovcomflot) to provide marine seismic acquisition services with project management delivered by Polarcus.

Polarcus COO, Lars Oestergaard said the towed streamer seismic project will be acquired in unison with an undershoot OBN component to address imaging challenges in obstructed areas. "We see OBN as an important complement to towed streamer acquisition in certain environments," he said.

"Our collaboration with SAE Exploration on this project is important to provide our client with seamless seismic operations and to deliver a high-quality imaging product, capitalizing on the strengths of the respective seismic technologies."