Polarcus
UAE-based offshore geophysical company Polarcus Limited announced that the company has received a Letter of Award (LOA) from Shell Myanmar Energy PTE Ltd for a 3D marine seismic project offshore Myanmar.
The project is expected to start in the fourth quarter of this year, the Oslo-listed company said, without giving any details on size and the duration of the survey.
Duncan Eley, COO Polarcus, said: “With this award from a returning customer, the company continues to strengthen an already strong backlog and capture significant market share in a challenging business environment.”
Polarcus was awarded two other contracts in September. It signed a contract with an undisclosed client for a non-exclusive broadband 3D marine seismic project offshore Brazil for a duration of four months, while it signed a contract with another undisclosed client for a similar project in Australia for a duration of one month.