Polarcus has signed a letter of intent with TGS-NOPEC Geophysical Company (TGS) for the charter of the seismic vessel 'Polarcus Amani'. The charter, for a five-month minimum duration and subject to the execution of a service contract, will commence in April 2012 immediately after vessel delivery and shakedown.
'Polarcus Amani' is the first of two 12-14 streamer 3D seismic vessels ordered in November 2010 from Ulstein Verft of Norway. The vessels are being built to the Ulstein SX134 design and feature a high ice-class ("ICE 1A super"), increased propulsion and other innovative efficiency enhancing features. The two newbuilds are scheduled for delivery by the end of the first and second quarters of 2012, respectively.
