Polarcus: Expands Environmental Accreditations with DNV GL
Polarcus has recently completed a comprehensive verification process in collaboration with specialists from DNV GL, the international certification body and classification society, to review and audit the company’s procedures, methodology, data and calculations, software architecture, and technical documentation related to Polarcus’ emissions monitoring and reporting systems. This successful audit has …
TGS: Signs Letter of Intent to Acquire Polarcus’ Multi Client Library
TGS has today entered into a Letter of Intent to acquire Polarcus’ multi-client library, with the exception of Australia, for a price of USD 27.5 million on a cash and debt free basis. The transaction is subject to due diligence and final definitive documents with target closing date on or …
Polarcus Signs 2016 Vessel Charter Agreement with TGS
Polarcus Limited is pleased to announce that the Company has signed a Letter of Intent (“LOI”) with TGS-NOPEC Geophysical Company ASA (“TGS”) for the charter of an estimated six months of 3D vessel capacity from Polarcus in 2016 in order to acquire a number of individual projects in line with …
Polarcus Signs Agreement with TGS to Extend 3D Vessel Charter, Offshore Norway
Reference is made to the stock exchange notice published by Polarcus Limited on 09 April 2015 regarding the announcement of a Letter of Award from TGS-NOPEC Geophysical Company ASA for a 3 month charter of the Company’s 3D seismic vessel, POLARCUS ADIRA, with an option for a further charter. Polarcus …
Polarcus: First Quarter 2015 Report – Responding to an Uncertain Market Environment
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the release of its first quarter 2015 financial statements. Highlights in the first quarter 2015: Revenues of USD 81.1 million down 33% from same quarter the previous year Multi-Client sales of USD 36.7 million with prefunding ratio of 80% Gross cost …
Polarcus: Sets New Standard for True Fast Track Processing
Polarcus has completed its first commercial onboard broadband fast track data processing project for one of the world’s largest independent oil and natural gas exploration and production companies, setting a new standard for turnaround. A 1,750 square kilometer broadband 3D volume was successfully processed through pre-stack time migration (“PSTM”) onboard …
Polarcus Expands Broadband Multi-Client Project Offshore Australia
Reference is made to the stock exchange notice published by Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) on 21 October 2014 regarding the announcement of a major new multi-client project offshore Australia (the “Capreolus 3D Project”). Polarcus is pleased to announce that the Company has secured further industry prefunding …
Polarcus: Rod Starr Assumes Role of Chief Executive Officer
Reference is made to the stock exchange notice published by Polarcus Limited on 11 January 2015 regarding the appointment of Rod Starr as the next Chief Executive Officer of Polarcus. The Company is pleased to announce that effective today, Rod Starr has assumed the role of Chief Executive Officer of …
Polarcus: Rod Starr to Succeed Rolf Ronningen as Chief Executive Officer
Polarcus Limited announces that the Board of Directors has, following a comprehensive selection process, chosen Rod Starr to succeed Rolf Ronningen as Chief Executive Officer of Polarcus. Rolf Ronningen, who informed the Board of his planned retirement in 2014, will continue as Chief Executive Officer until Rod takes up his …
Polarcus: To Partner with DMNG on Sakhalin 3D Seismic Acquisition
Polarcus Limited is pleased to announce that JSC Dalmorneftegeophysica (“DMNG”), which has a joint cooperation agreement with Polarcus, has entered into a contract for 3D marine seismic acquisition services for a major energy company offshore Sakhalin. The program, requiring two Polarcus A-Class vessels, will commence in Q2 2015 and is …