New deal for Dubai-based Polarcus

Seismic vessel owner agrees to take part in West Africa project.
NEWS

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Dubai-based Polarcus is reported to have agreed to a new deal for a project in West Africa.

The Oslo-listed company signed a letter of intent for a 3D marine seismic acquisition project.

Polarcus said the project was located offshore West Africa but did not disclose the name of the client.

The project is expected to begin in the last quarter of this year and will run for approximately three and a half months.

Polarcus Chief Executive Rolf Ronningen declined to give any more financial details about the deal at this stage.

A couple of weeks ago, the 12-streamer Polarcus Alima (built 2010) was chartered out to seismic company TGS-Nopec for a 3D survey off Sierra Leone, West Africa.

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