Polarcus News

 

Polarcus continues new contract run

Mar 03, 2017

Norwegian geoscience firm Polarcus has finalized a contract for 3D marine seismic acquisition in Australia and won a contract extension in West Africa. The program will deliver a high quality broadband data-set utilizing one of the company's…

Polarcus extends South American campaign further

Mar 02, 2017

Polarcus has secured another extension for its 3D marine seismic project in South America. The original award, announced on 15 December 2015, was awarded by an undisclosed client for a 3D marine seismic project in South America utilizing…

Polarcus, Sovcomflot ink vessel deal

Feb 09, 2017

Polarcus has signed a heads of agreement with Russia's SCF GEO AS (Sovcomflot) to charter a vessel on bareboat terms with delivery scheduled for March 2017, a deal that comes with an option for Sovcomflot to buy the vessel. Image of the Polarcus Nadia…

TGS inks seismic contracts with Shearwater, Polarcus

Jan 20, 2017

Norway's TGS has inked two new seismic vessel contracts with Norwegian geoscience firms Shearwater GeoServices and Polarcus, for surveys in Europe. Shearwater GeoServices has agreements for two surveys, one firm and one optional, starting between March and May 2017…

Polarcus bags two South America projects

Dec 08, 2016

Polarcus received two letters of intent from two undisclosed clients for two additional marine seismic projects offshore South America. The projects, one 3D using Polarcus' RightBAND technique for broadband data acquisition and one 4D monitoring survey…

Polarcus, TGS in 3D MoU

Oct 17, 2016

Polarcus entered into a memorandum of understand (MoU) to collaborate with TGS-NOPEC Geophysical Co. to jointly develop selected 3D multi-client projects. New projects taken under the collaboration agreement will be announced separately as they occur…

Polarcus inks Australia 3D seismic acquisition

Sep 14, 2016

Polarcus received a letter of award for 3D marine seismic acquisition in Australia utilizing XArray to deliver a high quality broadband data-set via Polarcus' innovative and highly efficient acquisition technique. The project is due to commence in Q4 2016 and will run for one month.

Polarcus extends South American survey

Jun 15, 2016

Polarcus has received a letter of intent (LOI) from an undisclosed client for an additional broadband 3D marine seismic survey offshore South America. The project will commence in early Q4 2016 and run for approximately three months. “This…

Polarcus wins Barents survey

Jun 14, 2016

Polarcus has received a letter of intent  for an XArray project in the Norwegian-Barents Sea for an undisclosed client. The survey is due to commence in August 2016, after required authorization has been obtained, and will run for approximately four weeks…

Polarcus wins first Indonesian job

Apr 12, 2016

Polarcus has received a letter of intent from an undisclosed client for a 3D marine seismic contract in Indonesia using the Polarcus' XArray (TM) technique for enhanced productivity and data quality. Cameron Astill, Senior Vice President Asia Pacific…

Polarcus buys Dolphin Streamer Package

Mar 22, 2016

Polarcus has announced the purchase of a complete marine seismic in-sea acquisition system (Streamer Package) from Dolphin Geophysical, for a price of US$11.5 million. The Streamer Package comprises 12 x 8100m active streamers and all peripheral in-sea equipment…

Polarcus starts 3D Brazil survey

Mar 10, 2016

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 axes more jobs

Feb 01, 2016

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…

Battle of the seismic titans offshore Myanmar

Jan 21, 2016

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…

Polarcus to restructure

Jan 06, 2016

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…

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