Polarcus Limited (Polarcus) (OSE: PLCS) announced yesterday that the Company has received a letter of award for the acquisition of a 3D marine seismic project in South America.

Polarcus awarded 3D marine seismic project in South America
Caption: Research Vessel Polarcus Nadia - Image courtesy of Arjan Elmendorp

The project will commence in Q1 2018 and has a scheduled duration of approximately 2 months.

The company did not reveal any financial details nor the name of the vessel to be used for the project.

Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. The Company offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs over 400 professionals worldwide.

Source: Polarcus