Polarcus Gets LoI for 3D Seismic Project

Polarcus Limited has received a Letter of Intent (“LOI”) from an undisclosed client for a 3D marine seismic project.

According to the Oslo-listed company, Polarcus will use its RightBAND technique for broadband data acquisition.

The project, subject to the execution of a service contract, will start in Q4 2015 and is expected to run for approximately 85 days.

The project location is not being disclosed for commercial reasons, Polarcus wrote.

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