SAExploration set for ocean-bottom seismic data projects

Offshore staff

HOUSTON – SAExploration Holdings Inc. (Nasdaq:SAEX) (OTCBB:SAEXW) has new project awards for ocean-bottom marine seismic data acquisition services collectively valued at approximately $45 million.

The company expects to execute the projects during 2Q and 3Q 2015. SAE plans to use currently available equipment and personnel to execute the projects with no new capex required.

These projects will use ocean-bottom nodal seismic recording technology equipped to operate in water depths ranging to 3,000 m (9,842 ft) deep.


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