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    Polarcus issues update on Letter of Award

    Projects and Operations // December 4, 2009

    Refering to an earlier announcement published by Polarcus Limited on 29 October 2009 regarding the receipt of a Letter of Award from a leading independent oil company for 3D seismic acquisition project offshore West Africa, Polarcus has now announced that the necessary governmental approvals and consent from Petronas Carigali have been secured for the award and a contract has been executed with the client, Noble Energy Cameroon Limited.

    The 1,500km2 3D seismic acquisition project, offshore Cameroon, will be acquired by Polarcus Naila, the company's second 12-streamer 3D seismic vessel.

    The project will commence in the first quarter of 2010 and is expected to run for 45 days.


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