Polarcus extends vessel agreement with TGS

Polarcus extends vessel agreement with TGS

Offshore survey specialist Polarcus has extended a multi-client collaboration and vessel agreement with compatriot company TGS-NOPEC Geophysical for an additional year.

Under the agreement, the companies will continue to jointly develop selected 3D multi-client projects and TGS will extend its vessel commitment with Polarcus to the end of 2018 for up to 10,000 square kilometer.

“This agreement will continue to leverage the core strengths and expertise of both parties. Polarcus acquired over 15,000 square kilomoeter of high quality broadband 3D seismic data for TGS during 2017 and the collaboration will further drive vessel utilization in 2018,” commented Duncan Eley, CEO of Polarcus.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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