SAExploration has won contracts for ocean-bottom marine seismic data acquisition services collectively valued at about US$45 million.
The company expects to execute the projects during Q2 and Q3 2015, using ocean-bottom nodal seismic recording technology equipped to successfully operate in water depths ranging from zero to 3000m deep.
SAE will use its currently available equipment and personnel to execute the projects.
Brian Beatty, President and CEO of SAE, says: "We are very pleased with our ability to secure these projects. These awards reinforce our expectation for continued development of ocean-bottom seismic markets globally and further solidify our strong position within this emerging space. We believe our expertise and experience in performing ocean-bottom seismic services combined with our focus on niche complex onshore markets will offer us unique pockets of opportunity as we progress through a challenging market environment."