Polarcus receives LOI for seismic acquisition offshore Africa

Polarcus has received a Letter of Intent from an independent oil & gas exploration and production company for an estimated 1,200 sq km 3D seismic acquisition project offshore West Africa.p style="margin-bottom: 0cm;">Polarcus has received a Letter of Intent from an independent oil & gas exploration and production company for an estimated 1,200 sq km 3D seismic acquisition project offshore West Africa.

The project, to be acquired by Polarcus Naila, will commence upon completion of the vessel's confirmed backlog and is expected to run for approximately one month.

Further details of the contract will be announced after partner and governmental consents, and is subject to the execution of a service contract.