Polarcus wins additional 3D project offshore South America

June 15, 2016

DUBAI -- Polarcus has received a Letter of Intent, from an undisclosed client, for an additional broadband 3D marine seismic survey offshore South America.

The project will commence in early fourth-quarter 2016 and run for approximately three months.

"This award is very significant for Polarcus as it dovetails perfectly with previously announced projects we are acquiring offshore South America, extending our campaign for another three months through fourth-quarter 2016 and maximizing our fleet utilization by minimizing transit time between surveys,"  Richard Price, senior V.P., North & South America, said.

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