Polarcus Limited announced that the Company has received a contract award and a separate Letter of Intent from two undisclosed clients for 3D seismic acquisition projects in Australasia.
The projects, to be acquired back-to-back by Polarcus Alima, will commence in Q4 2011 and are expected to run from 5 to 7 months in total.
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 500 professionals.
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Source: Polarcus, August 16, 2011;