Seismic player Polarcus has received a letter of intent (LOI) from an undisclosed client for a 3D marine seismic deal in Indonesia.
The survey will be acquired by utilizing Polarcus’ XArray technique, the company said in Oslo Stock Exchange filing on Tuesday.
Cameron Astill, senior vice president Asia Pacific, said: “It is a significant milestone to be awarded our first project in Indonesia. We look forward to deliver our client a high quality and efficient survey with the Polarcus XArray(TM) technique utilizing our triple-source configuration.”
The project is scheduled to start in the third quarter of 2016 and should run for approximately two months.