Skip to main content

Polarcus secures multi-year XArray contract award

Published by
Oilfield Technology,

Polarcus Limited is has announced that Polarcus has received a letter of award from TGS-NOPEC Geophysical Company ASA for acquiring 30 000 km2 of 3D multi-client data in Europe.

Approximately 20 000 km2 will be acquired in 2017 utilising two Polarcus vessels and its innovative XArrayTM multiple source acquisition method to deliver extremely efficient, high quality broadband data. The project will commence early in Q2 2017. The remaining 10 000 km2 will be acquired in 2018 utilising up to two Polarcus vessels with commencement expected in early Q2 2018.

"Polarcus is very pleased to expand its collaboration with TGS for this major award", stated Rod Starr, Polarcus CEO. "A project award of this magnitude will drive vessel utilisation and provide significantly improved visibility for Polarcus."

Following this award, the booked capacity for the fleet is as follows:

  • Q1-2017 = 75%
  • Q2-2017 = 70%
  • Q3-2017 = 60%
  • Q4-2017 = 20%

Read the article online at:

You might also like

Professor Andrew Woods reports on oil & gas industry safety risks

A report on the safety risk of working in confined spaces, developed by Professor Andrew Woods of the BP Institute at Cambridge University, indicates that many organisations in the oil & gas industries have been operating below the generally tolerable levels of safety risk.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Upstream news Seismic news Exploration news Oil & gas news