Polarcus Secures 4D Project In The Far East
Friday 18 December 2020
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) is pleased to announce a memorandum of agreement has been entered into with SCF GEO, a company in the Sovcomflot group to provide 4D marine seismic acquisition services in the Far East for a major E&P company.
The program requires one Polarcus ICE-1A class vessel and will commence in Q2 2021, running for approximately 3 months.
Contractual arrangements and associated third party approvals are expected to be finalized before end January 2021.