Polarcus Limited is pleased to announce that the company has signed a Letter of Intent (LOI) with an undisclosed client for a 3D marine seismic acquisition project offshore Brazil. The programme, subject to the execution of contract, is projected to commence in 2Q15 upon receipt of the required environmental permit, and is expected to run for approximately 30 days.
Second multi-client 3D project offshore Brazil
Following completion of the above project, the Polarcus vessel will mobilise for a multi-client 3D project offshore Brazil, for Queiroz Galvão Exploração e Produção (QGEP). This second project forms part of the company's existing backlog that has been previously announced through the Oslo Stock Exchange.
Adapted from press release by Cecilia Rehn