Polarcus Limited announced Wednesday that it has received a letter of intent from an “undisclosed client” for a broadband 3D marine seismic survey offshore South America.
The project will commence early in the fourth quarter of this year, according to a company statement, and will run for approximately three months.
"This award is very significant for Polarcus as it dovetails perfectly with previously announced projects we are acquiring offshore South America, extending our campaign for another three months through Q4 2016 and maximizing our fleet utilization by minimizing transit time between surveys," said Richard Price, senior vice president, North & South America, Polarcus.
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