Polarcus completes acquisition of UK Breagh multi-client project
5 Jun 2014
Polarcus has successfully completed acquisition of the Breagh multi-client project in the UK Southern North Sea five days ahead of schedule. The 840 sq. km RightBand(TM) project was acquired by Polarcus Naila towing an 8 x 75 x 6,000m spread and utilizing Polarcus’ infill management solution ensuring highly efficient production. Zero technical downtime was recorded during the survey.
The data is being processed through a broadband workflow with final data products available in December 2014.
The survey, supported by high industry prefunding, is designed to provide enhanced imaging of the Carboniferous Breagh field areas in UK Block 42/13 and extends the Company’s multi-client coverage in this prolific gas basin to over 5,400 sq. km of modern high-density 3D seismic data.
Rolf Rønningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982
Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480
Polarcus (OSE: PLCS) is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company’s principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com