Polarcus nets Brazil 3D offshore seismic shoot

Submitted by Paddy Harris on Mon, 2014-12-01 09:17

01st December 2014

Polarcus has announced that the company has signed a letter of intent (LOI) with an undisclosed client for a 3D marine seismic acquisition project offshore Brazil

Polarcus nets Brazil 3D offshore seismic shoot

Following completion of the above project, the Polarcus vessel will mobilise for a multi-client 3D project offshore Brazil, for Queiroz Galvão Exploração e Produção (QGEP)

The programme, subject to the execution of contract, is projected to commence in the second quarter of 2015 upon receipt of the required environmental permit, and is expected to run for approximately 30 days.

Following completion of the above project, the Polarcus vessel will mobilise for a multi-client 3D project offshore Brazil, for Queiroz Galvão Exploração e Produção (QGEP).

This second project forms part of the company's existing backlog that has been previously announced through the Oslo Stock Exchange.