TGS Hires Polarcus for 3D Shoot in Europe

Business & Finance

Polarcus has received a letter of award from TGS-NOPEC Geophysical Company for acquisition of 30,000 square kilometers of 3D multi-client data in Europe.

Approximately 20,000 square kilometers will be acquired in 2017 utilizing two Polarcus vessels and its XArray multiple source acquisition method to deliver broadband data.

The project will start early in Q2 2017.

The remaining 10,000 square kilometers will be acquired in 2018 utilizing up to two Polarcus vessels with start 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 utilization and provide significantly improved visibility for Polarcus.”