Polarcus receives LOI for 4D project offshore Denmark (Scandinavian Oil-Gas Magazine)

Polarcus receives LOI for 4D project offshore Denmark

Published Jan 22, 2016

Polarcus Limited has received a Letter of Intent (LOI) from Maersk Oil on behalf of the Danish Underground Consortium (DUC) for a 4D marine seismic survey offshore Denmark.

The project is due to commence in Q2-2016 and will run for approximately 3 months.

Commenting on this latest award, Rod Starr, CEO Polarcus stated,"This is the Company's fifth project award announcement in five days, clearly indicating that we are delivering on our strategy of optimizing utilization of the Polarcus fleet through focused regional campaigns. After this most recent award, I am happy to confirm that the booked capacity of our fleet is as follows:

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