TGS signs Polarcus for European broadband work

Polarcus Ltd. has received a letter of award from TGS-NOPEC Geophysical Co. ASA to acquire 30,000 sq km (11,583 sq mi) of 3D multi-client data in Europe.

Offshore staff

DUBAI, UAEPolarcus Ltd. has received a letter of award from TGS-NOPEC Geophysical Co. ASA to acquire 30,000 sq km (11,583 sq mi) of 3D multi-client data in Europe.

Around 20,000 sq km (7,722 sq mi) will be acquired in 2017 utilizing two Polarcus vessels and its XArray multiple source acquisition method to deliver efficient, high-quality broadband data.

The project will commence in early 2Q. Acquisition of the remaining 10,000 sq km (3,861 sq mi) is expected to begin in early 2Q 2018, utilizing up to twoPolarcus vessels.

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

1Q 2017 = 75%

2Q 2017 = 70%

3Q 2017 = 60%

4Q 2017 = 20%.

01/20/2017

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