Polarcus has won an XArray marine seismic survey in the Asia Pacific region.
Polarcus has won an XArray marine seismic survey in the Asia Pacific region. The project will start in the second quarter of 2020 and will take around four months to complete.
The company has also won a 4D survey offshore Brazil starting in the third quarter of 2020 which will take around 10 months to complete. The programme will include 4D acquisition in obstructed areas with a multi-azimuth component.
Finally, Polarcus has reported fourth quarter vessel utilization of 71%, compared with 96% in Q4 2018.
Of 2019 vessel time, contract seismic accounted for 64% of vessel time, multi-client 7%, transit 13%, yard 11% and standby 5%. This compares with 2018 vessel time of 96% on contract seismic, 0% on multi-client, 2% transit, 2% yard and 0% standby.
Full-year vessel utilization was 79%, compared to 87% in 2018. Of this contract seismic was 77%, multi-client 2%, transit 13%, yard 5% and standby 3%.
The vessel Polarcus Nadia is excluded from the vessel utilization figures as it is currently stacked.
