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Polarcus seismic project cancelled

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Oilfield Technology,

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.

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Upstream news Seismic news Exploration news Offshore news