The two firms will enhance and promote the petroleum potential in the country through various geoscience initiatives and specialist business support services.
Polarcus will provide 3D/4D marine seismic acquisition and processing services.
Polarcus multi-client senior vice-president Stephen Doyle said: "Namibia has an extensive yet still relatively unexplored shelf and we are excited at the opportunity to collaborate with NAMCOR on several initiatives to assist in realizing Namibia’s full potential.
"The country has seen an upturn in exploration activity over recent years with encouraging results that justifies further exploration and development to unlock Namibia’s petroleum resources."
In the recent past, Namibia has witnessed significant growth in global hydrocarbon market, the company said.
Namcor acting managing director Ludwig Kapingana said: "The accord provides an opportunity for the national oil company to get much needed technical support, which I am confident will strengthen NAMCOR’s participation in future hydrocarbon exploration activities in Namibia."
