Subscribe
PurchasingB2B

SAExploration lands $40 million of new project awards

The company said it will provide a full suite of in-house logistical services before and during the life of both projects


December 4, 2013
by PurchasingB2B Staff

CALGARY—SAExploration Holdings, Inc. has landed its first project award for logistical services and seismic data acquisition in Brazil, along with a new project award in Alaska for similar services.

SAE said it will initiate operations on its first project in Brazil during Q2 2014 with a focus on the northwest portion of the country. The company expects the project to last approximately three months.

The company 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 Q3 2014.

SAE will provide a full suite of in-house logistical services before and during the life of both projects.

“The project in Brazil reflects our focus on growing organically into new regions that fit within our core competency of operating in logistically challenging environments,” said Brian Beatty, president and CEO of SAE. “Nearly all of our growth has been a direct result of targeted expansion into new markets, such as Brazil, a formula which has yielded positive results. The addition of our third Alaskan project in a matter of months illustrates the potential for continued growth within each market once our presence is established.”