Polarcus has received a letter of intent from Maersk Oil on behalf of the Danish Underground Consortium (DUC) for a 4D marine seismic survey offshore Denmark.
The project is due to commence in Q2 2016 and will run for approximately three months.
"This is the company's fifth project award announcement in five days,” said Rod Starr, CEO Polarcus. “After this most recent award, I am happy to confirm that the booked capacity of our fleet is as follows: Q1 2016 (100%), Q2 2016 (85%), Q3 2016 (50%), and Q4 2016 (10%). Against the backdrop of a very tough market, this puts the company in a strong position going in to 2016 with 90% of fleet capacity booked up for 1H 2016.”