Polarcus has lost a contract for an XArray marine seismic acquisition project in the Asia Pacific region after the client terminated the agreement.
Polarcus has lost a contract for an XArray marine seismic acquisition project in the Asia Pacific region after the client terminated the agreement. The project was to have taken place in the second quarter of 2020.
Meanwhile, the company has lost another contract offshore West Africa, announced on 1 November 2019, after the client terminated the agreement. ‘The client has accepted that compensation for early termination is payable in these circumstances,’ said Polarcus in a statement.
Meanwhile, Polarcus has been awarded an XArray 3D marine seismic acquisition project in North West Europe commencing in Q2 2020 with a duration of approx. three months.
