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SAExploration Announces $20 Million of New Project Awards

HOUSTON, April 20, 2017 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (SAEX) (SXPLW) today announced new project awards for onshore logistical support and seismic data acquisition services in North and South America, collectively valued at approximately $20 million. All the projects are expected to be performed during the second half of 2017.

The projects are located in Colombia and Canada. All projects will cover different, yet equally challenging terrain and require specialized knowledge of the surrounding environments. SAE will provide a full suite of in-house logistical services in advance of and throughout the life of these projects, which will utilize currently available equipment and personnel. No new capital expenditures are required to execute these projects.

About SAExploration Holdings, Inc.

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 West Africa. In addition to the...