SAExploration Holdings, Inc. announced its first project award for logistical services and seismic data acquisition in Brazil, along with a new project award in Alaska for similar services. The aggregate value of these projects is approximately $40 million. SAE further announced that it recently surpassed 15,000,000 exposure hours worked without a lost-time injury.
New Project Awards
SAE plans to initiate operations on its first project in Brazil during Q2 2014 with a focus on the northwest portion of the country, near dense jungle environments with little precedent human interaction. The Company expects the project to last approximately three months.