Polarcus is pleased to announce the commencement of acquisition of the latest phase of the Cygnus regional multi-client 3D survey in the Vulcan Sub-basin, offshore north-west Australia. The 1,500 sq km Phase 3 South survey, covering the Skua, Swift and Montara area, completes over 7,200 sq km of continuous XArray™ Triple Source coverage.
The Cygnus anisotropic PSDM dataset provides exploration geoscientists with an unparalleled and extensive high-quality 3D dataset which allows evaluation of the basin including a number of farm-in opportunities and several areas of open acreage.
The prospectivity of the basin has again been demonstrated as Shell Australia announced a significant gas and condensate discovery with the Bratwurst exploration well which was drilled within the AC/P64 Title. This Title is covered by the Cygnus dataset which has brought new understanding both to the prospect itself and to the surrounding area, helping to bring new life to an underexplored basin.
About Polarcus
Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance seismic vessels with 3D and 4D imaging capabilities, which incorporate leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions. The Company services its clients globally from its head office in Dubai and regional offices located in Houston, London and Singapore.