Polarcus Limited announces that the Company has received a Letter of Intent for a 3D offshore seismic acquisition project for an undisclosed client.
The project, subject to the execution of a service contract, will commence in Q2 2011 and is expected to run for approximately 100 days. As a result of this announcement the Company’s backlog at date has increased to 23 vessel months in total.
About Polarcus
Polarcus is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 400 professionals. The Company’s principal office is in Dubai, United Arab Emirates.
[mappress] Source: polarcus , April 28, 2011;