Polarcus seismic project cancelled

Published by Nicholas Woodroof, Editor
Oilfield Technology, Monday, 16 March 2020 10:30

Polarcus Ltd. has announced that an XArray™ marine seismic acquisition project in the Asia Pacific region which was due to commence in 2Q20 has been cancelled.

The client has decided not to proceed with this project and has terminated the seismic data acquisition contract. Polarcus is exploring alternative opportunities for the vessel. All Polarcus’ other active vessels are in production on various projects stretching into May 2020 and beyond.

Read the article online at: https://www.oilfieldtechnology.com/exploration/16032020/polarcus-seismic-project-cancelled/

Rystad Energy: M&A boom in South East Asia to see US$5 billion of upstream assets for sale

Tuesday 28 March 2023 09:25

Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two years, with more than US$5 billion of assets up for grabs, Rystad Energy research shows.

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