Polarcus secures funding for 3D broadband project in Australia


DUBAI -- Polarcus Limited has announced that the Company has secured significant industry prefunding and has been granted the environmental permit for a broadband 3D marine seismic project in Australia. 

This extension of Polarcus' Cygnus multi-client 3D survey represents the next step towards unlocking the complex geology of the Vulcan sub-basin through the application of Polarcus' innovative XArray acquisition methodology.

The project is due to commence during fourth-quarter 2017 and will run for approximately four weeks. As a result of this timing, the previously announced Australian projects will commence in 2018 extending the Polarcus Australian campaign into second-quarter 2018.

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