Polarcus Signs Seismic Services Deal with NAMCOR

Polarcus announced Friday that it has signed a memorandum of understanding with the National Petroleum Corporation of Namibia that will see it collaborate with NAMCOR on geoscience initiatives and also provide specialist business support services.

The deal will see Polarcus provide 3D and 4D marine seismic acquisition and processing services together with its geoscience expertize to help promote industry investment offshore Namibia.

Stephen Doyle, Polarcus's senior vice president for multi-client operations, commented in a company statement:

"Namibia has an extensive yet still relatively unexplored shelf and we are excited at the opportunity to collaborate with NAMCOR on several initiatives to assist in realizing Namibia's full potential. The country has seen an upturn in exploration activity over recent years with encouraging results that justifies further exploration and development to unlock Namibia's petroleum resources."

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