SAExploration Announces New $25 Million Ocean-Bottom Marine Project Award in Brazil
April 23 2019 - 4:15PM
SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB:
SXPLW), or SAE, today announced a new deep-water
ocean-bottom marine project award in Brazil for a major
international oil company valued at approximately $25 million.
Services to be provided will include data acquisition utilizing
autonomous ROV-deployed nodal recording technology in water depths
up to 2,000 meters. The project is expected to last approximately
60 days and will occur primarily during the fourth quarter of 2019.
About SAExploration Holdings,
Inc.
SAE is an international oilfield services
company offering a full range of vertically-integrated seismic data
acquisition, data processing and interpretation, and logistical
support services throughout North America, South America, Asia
Pacific, Africa and the Middle East. In addition to the acquisition
of 2D, 3D, time-lapse 4D and multi-component seismic data on land,
in transition zones and offshore in depths reaching 3,000 meters,
SAE offers a full suite of data processing and interpretation
services utilizing its proprietary, patent-protected software, and
also provides in-house logistical support services, such as program
design, planning and permitting, camp services and infrastructure,
surveying, drilling, environmental assessment and reclamation, and
community relations. SAE operates crews around the world,
performing major projects for its blue-chip customer base, which
includes major integrated oil companies, national oil companies and
large independent oil and gas exploration companies. With its
global headquarters in Houston, Texas, SAE supports its operations
through a multi-national presence in the United States, United
Kingdom, Canada, Peru, Colombia, Bolivia, Malaysia, Singapore, and
Australia. For more information, please visit SAE’s website at
www.saexploration.com.
The information in SAE’s website is not, and
shall not be deemed to be, a part of this notice or incorporated in
filings SAE makes with the Securities and Exchange
Commission.
Forward Looking Statements
This press release contains certain
"forward-looking statements" within the meaning of the U.S. federal
securities laws with respect to SAE. These statements can be
identified by the use of words or phrases such as “expects,”
“estimates,” “projects,” “budgets,” “forecasts,” “anticipates,”
“intends,” “plans,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions. These
forward-looking statements include statements regarding SAE's
financial condition, results of operations and business and SAE's
expectations or beliefs concerning future periods and possible
future events. These statements are subject to significant known
and unknown risks and uncertainties that could cause actual results
to differ materially from those stated in, and implied by, this
press release. Risks and uncertainties that could cause actual
results to vary materially from SAE’s expectations are described
under “Risk Factors” and “Cautionary Note Regarding Forward-Looking
Statements” in SAE’s filings with the Securities and Exchange
Commission. Except as required by applicable law, SAE is not under
any obligation to, and expressly disclaims any obligation to,
update or alter its forward looking statements, whether as a result
of new information, future events, changes in assumptions or
otherwise.
Contact
SAExploration Holdings, Inc.
Ryan Abney
Vice President, Finance
(281) 258-4400
rabney@saexploration.com
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