Polarcus Limited has received a Letter of Intent ("LOI") for an XArray(TM) 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 4 weeks.
This extends the Polarcus North West Europe campaign and replaces the previously announced project in Morocco which will no longer be acquired by Polarcus.
About Polarcus
Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs nearly 500 professionals worldwide.
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