Polarcus: Client Cancels Seismic Project in Asia Pacific

Monday, March 16, 2020

Seismic data acquisition company Polarcus has lost a seismic acquisition contract for a project in the Asia Pacific region.

The company in December said it had been awarded a four-month marine seismic survey project in the Asia Pacific region with an unnamed client, starting in the second quarter of 2020.

However, on Monday, March 16, 2020, Polarcus said that the client has decided not to proceed with the project and has terminated the seismic data acquisition contract. 

“Polarcus is exploring alternative opportunities for the vessel. All Polarcus’ other active vessels are in production on various projects stretching into May 2020 and beyond. The Company remains well-positioned to secure further awards for work in 2020,” the company said.

Polarcus did not say which vessel exactly should have carried out the work under the – now lost – contract.

Categories: Contracts Offshore Energy Geoscience Industry News Asia

Related Stories

Eco Wave Power, AltaSea Agree Wave Energy Pilot’s September Launch

Eco Wave Power, AltaSea Agree Wave Energy Pilot’s September Launch

Fugro Lands Deepwater Gas Job for Eni off Cyprus

Fugro Lands Deepwater Gas Job for Eni off Cyprus

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Current News

Siemens Gamesa Discusses European Production With Chinese Rare Earth Suppliers

Sierra Leone Awaits Results of Offshore Seismic Survey Ahead of Possible Oil and Gas Auction

Bernhard Schulte Offshore Delivers New Commissioning Service Operation Vessel

OSC, Ashtead Technology Bolster Joint Environmental Services Offer

Subscribe for OE Digital E‑News

Offshore Engineer Magazine