SAExploration Holdings Inc. (NASDAQ:SAEX, OTCBB:SAEXW) has received project awards with an aggregate value of $40 million. The awards include the company’s first project award for logistical services and seismic data acquisition in Brazil, along with a new project award in Alaska for similar services.
SAE plans to initiate operations on its first project in Brazil during the second quarter of 2014, with a focus on the northwest portion of the country, near dense jungle environments. The company expects the project to last approximately three months.
SAE has also received a new project award in Alaska, marking the third project earned in the region during recent months. The project will focus on the North Prudhoe Bay area of northern Alaska and is expected to begin during the third quarter of 2014.