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Polarcus secures extension of South American campaign

Published by
Oilfield Technology,

Reference is made to the stock exchange release issued on 16 December 2015 in which Polarcus Limited announced an award for a 3D marine seismic project in South America.

The company is pleased to announce an extension of the Project. The first phase was successfully completed in August 2016. The second phase is scheduled to commence in March 2017 and will be acquired over 3 months, extending the regional campaign into Q3 2017, with an option for further expansion of the survey area.

Commenting on the news, Richard Price, Senior Vice President, North & South America, said: "It is very gratifying to receive this project extension, as it validates our exemplary safety and environmental performance and our operational efficiency, which has enabled us to meet the high standards expected by this major client."

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