Brief: Axxis Geo Solutions Signs Contract For Middle East

Fjord Defence ASA

30/12/2019 10:47

Dec 30 (Reuters) - Axxis Geo Solutions ASA  AGSOL.OL :
    * AXXIS GEO SOLUTIONS SIGNS CONTRACT FOR THE MIDDLE EAST
    * HAS SIGNED CONTRACT FOR 3D OCEAN BOTTOM NODE (OBN) SEISMIC
ACQUISITION SURVEY IN MIDDLE EAST
    * WORK IS EXPECTED TO COMMENCE IN EARLY JANUARY 2020 AND
WILL
CONTINUE THROUGH MOST OF Q1 2020
    * CONTRACT WILL SECURE ACTIVITY FOR COMPANY AND CONTRIBUTE
WITH
REVENUES THROUGH MOST OF WINTER SEASON
    * THIS CONTRACT IS A SIGN OF SEISMIC ACTIVITY RE-EMERGING IN
REGION THROUGH ADVANCED OBN SEISMIC AND IMAGING TECHNOLOGY WITH
POTENTIAL DEMAND FOR OBN SEISMIC IN YEARS TO COME

Source text for Eikon:  ID:nObirfBSwa 
Further company coverage:  AGSOL.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))