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“Polarcus is especially excited to announce this survey, our first ever 3D multi-client project”, commented Rolf Rønningen, CEO Polarcus. “Our investment in strategic partnerships with experienced and highly regarded industry professionals in this field is enabling us to develop a strong portfolio of robust multi-client project opportunities worldwide. This first project targets an area receiving significant attention as a result of the recent oil discoveries announced subsequent to the UK 26th Round. We anticipate this area will attract considerable industry focus in the next UK licensing round, with the Polarcus survey being the reference data for company evaluations.”
The survey, designed in conjunction with GeoPartners Limited, covers the Western Platform of the Central Graben and includes the Catcher discoveries (28/9-1 ‘Catcher’, 28/9-2 ‘Varadero’ and 28/9-4 ‘Burgman’). These discoveries, drilled in 2010 and 2011, encountered excellent quality hydrocarbon bearing sandstones with light oil (26 to 31 degree API) in thick, high porosity sandstones of both the Eocene Tay and Paleocene Cromarty intervals at depths ranging between 3,500ft and 4,600ft. The new high trace density 3D seismic will provide a significantly improved interpretation of these shallow sand bodies where amplitudes and direct hydrocarbon indicators (DHI’s) are critical.