SAExploration inks deal to provide geophysical services in Colombia

|By:, SA News Editor

SAExploration (NASDAQ:SAEX+15.8% premarket after announcing a three-year agreement with Ecopetrol (NYSE:EC) subsidiary Hocol to provide seismic acquisition services in Colombia.

SAEX expects to "imminently" receive new awards for projects that will begin in H2, and for the initial project awards to be followed by additional project awards covering opportunities in 2018 and 2019.