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.