SAExploration wins $40 million of new project awards (Scandinavian Oil-Gas Magazine)

SAExploration wins $40 million of new project awards

Published Sep 24, 2014

SAExploration Holdings, Inc. announce a project award extension for an existing contract in Alaska and three new project awards for logistical support and seismic data acquisition services in Alaska and South America with an aggregate value of approximately $40 million.

The project award extension in Alaska will lengthen a contract in place for 2015 through the 2016 winter season, further strengthening the Company's North Slope operations. Additionally, SAE plans to initiate operations on a new, unrelated project in Alaska and two new projects in South America during late Q3 2014. These three new project awards collectively represent $26 million and should be completed in Q4 2014.

Tags: Inc., SAExploration Holdings

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