Marine geophysical company Polarcus has extended a collaboration agreement signed in October 2016 with Norway’s TGS for another year.
The multi-client and vessel agreement made provision for both companies to jointly select 3D multi-client projects.
The new agreement extends TGS’ vessel commitment with Dubai-headquartered Polarcus to the end of 2018 for up to 10,000 sq.km.
Polarcus said the recently announced XArray project in the Gulf of Mexico with TGS forms part of this commitment and that additional awards under this commitment will be announced separately.
Duncan Eley, Polarcus CEO, said: “This agreement will continue to leverage the core strengths and expertise of both parties. 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.”