Shearwater snaps up Polarcus assets

Offshore seismic firm Shearwater GeoServices has struck a deal with Tiger Moth, a company affiliated with Woodstreet, to buy marine seismic acquisition assets previously owned by Polarcus, who was taken over by its lenders following a loan default in January this year. Shearwater has acquired six seismic acquisition vessels for a total consideration of $127.5m. …

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