Marine seismic participant Polarcus has secured a contract for a 3D seismic knowledge acquisition companies in West Africa.

According to the Oslo-listed firm, the contract has an anticipated length of two months.

The undertaking, for an undisclosed shopper and unknown worth, ought to start within the fourth quarter of 2020.

End-August this yr, Polarcus introduced an XArray 3D marine seismic acquisition undertaking in West Africa commencing in October this yr.

This undertaking additionally has a length of roughly 2 months.

The firm’s third quarter 2020 vessel utilization stands at 43 %, down from 83 per cent final yr.

Recently re-delivered geophysical exploration vessel Polarcus Amani (Ivan Gubkin) is not in these stats because of stacking on 25 September 2020.

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Polarcus, who reported second quarter 2020 lack of $20.7 million on revenues of $22.1 million, plans to launch its Q3 numbers on the finish of this month.

The submit West Africa win for Polarcus appeared first on Offshore Energy.

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