Shearwater GeoServices acquires streamers from Polarcus, renews fleet
Shearwater GeoServices Holding AS (Shearwater) today announced two transactions to take over marine seismic acquisition assets previously owned by Polarcus, from Tiger Moth AS, a company affiliated with Woodstreet Inc. Shearwater has acquired streamers and related seismic equipment for a total cash consideration of USD 50 million. The company further purchased six seismic acquisition vessels […]
Marine seismic players optimistic as exploration budgets ‘likely to increase’
Oslo-listed marine seismic data providers TGS and Polarcus are hoping 2019 will be a year of a more significant recovery for seismic players, as they expect the oil and gas companies to boost their exploration budgets on the back of higher oil prices. The two companies on Thursday posted the results for the third quarter […]
Polarcus, TGS extend multi-client collaboration & vessel agreement
Reference is made to the stock exchange release published by Polarcus Limited on 17 October 2016 regarding a multi-client collaboration and vessel agreement with TGS-NOPEC Geophysical Company ASA. Polarcus has extended the agreement with TGS for an additional year. Under the agreement, the companies will continue to jointly develop selected 3D multi-client projects and TGS […]
Polarcus awarded broadband 3D project in Egypt
Polarcus announced that it has signed a contract with an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus’ RightBAND(TM) technique for broadband data acquisition. The project will commence in Q4 2015 and run for approximately two and a half months. Polarcus is an innovative marine geophysical company with a pioneering environmental […]
Polarcus awarded broadband 3D seismic acquisition project in the Mediterranean
Polarcus Limited announced that it has received an award from an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus’ RightBAND(TM) technique for broadband data acquisition. The project will commence in Q1 2015 and is expected to run for approximately 50 days. Polarcus is an innovative marine geophysical company with a pioneering […]
