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Geospace Technologies inks $4M rental contract for ocean bottom nodes

Jul. 12, 2022 4:33 PM ETGeospace Technologies Corporation (GEOS)By: Jessica Kuruthukulangara, SA News Editor
  • Geospace Technologies (NASDAQ:GEOS) on Tuesday announced a $4M rental contract with an international marine geophysical services provider.
  • The firm will rent GOES' OBX-750E seabed ocean bottom wireless seismic data acquisition nodes for a shallow offshore seismic survey.
  • "This contract provides evidence of increased activity in offshore markets where our ocean bottom node products can provide high-quality data needed to make critical exploration decisions," said GEOS CEO Walter Wheeler.

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