Polarcus is pleased to announce the start of production in the first of a series of three 3D seismic projects offshore Brazil. The project is being acquired using the Polarcus A-Class 3D seismic vessel Polarcus Alima. The first project…
Polarcus is cutting staff, including senior management, in an effort “to fit a redefined Polarcus,” and save about US$7 million a year. CFO Tom Hendrik Sundby leaves Polarcus in new wave of changes…
Polarcus has gained full support from key stakeholders to move forward with the restructuring of the company in an effort to reduce its debt. The Polarcus Nadia. Image courtesy of Polarcus. Key…
It's what just a few years ago was seen as possibly one of the most unlikely places for a battle over who could tow the largest seismic spread. However, just that is underway offshore Myanmar, or Burma, which has come under exploration…
Brazil and Mexico are not the only games in town in Latin America. The deepest water well ever drilled is lined up for offshore Uruguay and Exxon is set to test Liza offshore Guyana. Elaine Maslin reports. The newly minted Maersk Venturer drillship…
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…
Norway-based geoscience firm Polarcus has started a new RightBAND multi-client project over the Vulcan Sub-basin, offshore the North West Shelf, Australia. The Cygnus 3D Survey is being acquired with joint investment from Spectrum and DownUnder GeoSolutions…
Polarcus recently completed its first commercial project offshore Australia utilizing the revolutionary XArray in a five source configuration known as Penta source. With XArray Penta source we are achieving unparalleled data density at 6…
Polarcus has announced it has signed a contract with an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus' RightBAND technique for broadband data acquisition. The project will commence in Q4 2015 and run for approximately two and a half months.
Norway-based geoscience firm Dolphin Geophysical has filed for bankruptcy just days after warning it had struggled to restructure its debt and capital structure. The firm, whose shares halved last Thursday after it warned it could have to file for insolvency…
The Capreolus 3D multi-client project, the largest single 3D seismic survey ever acquired offshore Australia was recently completed by Polarcus ahead of schedule after a successful 11 month acquisition campaign. This basin-wide broadband…
Norway-based geoscience firm Dolphin Group has said it may be forced into insolvency if it is not able to restructure its business. The firm, which owns Dolphin Geophysical, saw shares halve in trading this morning, following its announcement…
Polarcus announced that the company has received a letter of intent from an undisclosed client to execute a 3D marine seismic project in West Africa utilizing Polarcus' RightBAND technique for broadband data acquisition. The project…
Africa-focused explorer FAR has agreed a farm-in option deal with Trace Atlantic Oil on the shallow water Djiffere block offshore Senegal, containing at least one lead potentially containing 100 MMbbl, says FAR. Djiffere sits adjacent to the prospective Rufisque…
Erin Energy Corp. has announced that it has successfully completed acquisition of a new 3D seismic survey off the coast of The Gambia. The A2 and A5 blocks are located approximately 28mi (45km) offshore The Gambia and are on-trend with…
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