Dubai-based marine geophysical company, Polarcus announced today that subsequent to the completion by Polarcus of the first Gassnova 3D survey (“Johansen 3D”) on 04 July 2010, the second 3D project (“Troll Kystnær 3D”) comprising 323 square kilometers offshore Norway has received budgetary approval and will be acquired by POLARCUS NAILA commencing in September 2010.
This brings the combined size of the two Carbon Capture and Storage (CCS) 3D projects acquired for Gassnova to 740 square kilometers. The “Troll Kystnær 3D” project is expected to run for approximately 22 days. As a result of this announcement Polarcus has now secured 100% contract backlog for the Company’s available fleet capacity in Q3.
In April, Polarcus took delivery of its first true Arctic-ready 12 streamer seismic vessel called POLARCUS ASIMA.
