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Polarcus secures funding for 3D broadband project in Australia

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Oilfield Technology,


Polarcus Limited has announced that it has secured significant industry prefunding and has been granted the environmental permit for a broadband 3D marine seismic project in Australia.

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 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.

Read the article online at: https://www.oilfieldtechnology.com/exploration/11122017/polarcus-secures-funding-for-3d-broadband-project-in-australia/

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This article has been tagged under the following:

Upstream news Seismic news Exploration news Offshore news