Polarcus secures prefunding for XArray project in Australia

Seismic services player Polarcus has secured high industry prefunding for a multi-client project in Australia.

Polarcus said on Monday that the prefunding would be used for an XArray project in Australia.

The multi-client project will begin in the fourth quarter of 2019 and last for approximately two months.

The company has not revealed any further details about the prefunding, the amount, or the name of the vessel which will be used for this survey.

The last time that Polarcus announced an XArray marine seismic acquisition contract award was in late August for a project in South East Asia.

The Polarcus XArray is an acquisition configuration developed by Polarcus to deliver ‘superior’ data quality and make full use of today’s larger streamer spreads.

According to Polarcus, it improves both in-line shots by 100- 250 percent and cross-line bin density by up to 400 percent on any streamer separation and can be tailored to provide higher fold data, increase crossline sampling and improve acquisition efficiency.

Offshore Energy Today Staff

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