Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) is pleased to announce that the Company has commenced a new 3D broadband multi-client project across the Mauritania-Senegal-Guinea-Bissau Basin (“MSGB”), offshore Northwest Africa. The project, supported by industry funding, will cover an area of 1,500 sq. km offshore The Gambia and is expected to run for 50 days. Final data products will be available in Q1 2016.
The prefunding has been secured in response to the heightened industry interest in the Cretaceous slope fan and shelf-edge reef plays along the entire MSGB margin subsequent to the recently announced dual well successes in Senegal.
Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs over 500 professionals worldwide. The Company’s principal office is in Dubai, United Arab Emirates.
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