Categories

Polarcus secures funding for 3D broadband project in Australia

Polarcus Limited has secured significant industry prefunding and has been granted the environmental permit for a broadband 3D marine seismic project in Australia, the company said in its press release. This extension of Polarcus’ Cygnus multi-client 3D survey represents the next step towards unlocking the complex geology of the Vulcan Sub-basin through the application of Polarcus’ innovative XArray(TM) acquisition methodology. The project is due to commence in Q4 2017 and will run for approximately four weeks.

As a result of this timing, the previously announced Australian projects will commence in 2018 extending the Polarcus Australian campaign into Q2 2018.

About Polarcus
Polarcus 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 over 400 professionals worldwide.

The Company’s principal office is in Dubai, United Arab Emirates.

Leave a Reply

Your email address will not be published. Required fields are marked *