TGS Extends 3D Multi-Client and Vessel Deal with Polarcus

Seismic contractor Polarcus said it has extended the agreement with TGS to jointly develop selected 3D multi-client projects for an additional year.

The initial memorandum of understanding on multi-client collaboration and vessel agreement was reached in October 2016.

Under the agreement, TGS will extend its vessel commitment with Polarcus to the end of 2018 for up to 10,000 sq. km.

The recently announced XArray project in the Gulf of Mexico with TGS forms part of this commitment. Additional awards under this commitment will be announced separately, Polarcus said.

“This agreement will continue to leverage the core strengths and expertise of both parties,” stated Duncan Eley, Polarcus CEO. “Polarcus acquired over 15,000 sq.km of high quality broadband 3D seismic data for TGS during 2017 and the collaboration will further drive vessel utilization in 2018.”

Share this article

Follow Subsea World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Submarine Networks World 2019

As the key annual gathering for decision makers in the subsea communications value chain, they offer a dedicated platform…

read more >

8th International Conference 2019 Offshore Wind Power Substations

The International Conference Offshore Wind Power Substations is a technical event for experts in the wind industry.

read more >

Wind Turbine Towers

Wind Turbine Towers is a technical event for experts in the wind industry and the goal is to push forward technical development for future tower concepts.

read more >

Seatrade Europe 2019

The three day event will  take place in the hub of the European cruise industry, Hamburg; Germany…

read more >