TGS, Polarcus agree on 3D seismic vessel capacity for 2016

Offshore staff

DUBAI, UAE – Polarcus (OSE:PLCS) has signed a letter of intent to provide TGS-NOPEC Geophysical Co. the charter of an estimated six months of 3D seismic vessel capacity in 2016.

The surveys will be several projects in the TGS 2016 investment plan.

The LOI terms call for TGS to offer Polarcus the right of first refusal for the charter of 3D vessel capacity to acquire discrete projects of up to 10,000 sq km (3,861 sq mi) in total.


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