SAExploration (SAEX) Gains on $35M Deep Water Project
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SAExploration Announces New $35 Million Deep Water Ocean-Bottom Marine Project Award
November 8, 2016 4:02 PM ESTHOUSTON, Nov. 08, 2016 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX), or SAE, today announced a new project award for seismic data acquisition services valued at approximately $35 million.
The award is for a 3D deep water ocean-bottom marine project in West Africa. SAE expects to initiate this project in late 2016 and complete it in the first quarter of 2017. This project will be performed using an advanced remotely-operated-vehicle deployment method in conjunction with ocean-bottom nodal seismic recording technology equipped to successfully operate in water depths ranging from zero to... More
