SAExploration awarded $45M in ocean-bottom marine project awards

SAExploration Holdings Inc. (Nasdaq:SAEX) (OTCBB:SAEXW) has received 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 the second and third quarters of 2015.

The projects will be performed using ocean-bottom nodal seismic recording technology equipped to operate in water depths ranging from zero to 3,000 meters deep. Currently available equipment and personnel are expected to execute the projects with no new capital expenditures required.

SAE is an internationally-focused oilfield services company offering a full range of vertically-integrated seismic data acquisition and logistical support services in remote and complex environments throughout Alaska, Canada, South America, Southeast Asia and Africa.

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