Polarcus Ltd. signed a letter of intent (LOI) with an undisclosed client for a 3D marine seismic project on the UKCS utilizing Polarcus' RightBAND technique for broadband data acquisition.
The project, subject to the execution of a service contract, will commence in 2Q 2015 and is expected to run for approximately 25 days, with an option for a second project immediately following of approximately 16 days.