Geospace awarded $7.6M purchase contract to deliver ocean bottom nodes

Geospace (GEOS) Technologies Corporation announced the sale of Mariner ocean bottom wireless nodes to Caspian Engineering Company, a geologic-geophysical, engineering survey company operating in Kazakhstan. Based on current contract terms, the value of the agreement is estimated at $7.6M. Delivery of the nodes is expected to occur during the company’s third fiscal quarter. “We are pleased that Caspian Energy has chosen to partner with Geospace by selecting the Mariner, our latest slim profile seabed data acquisition node, to meet their operational and seismic data quality needs,” said Rich Kelley, President and CEO, Geospace Technologies. “Wireless ocean bottom nodes have grown increasingly popular to tackle tough challenges in a wide variety of applications. We appreciate that Caspian Engineering trusts Geospace to deliver an innovative, high-quality seismic data acquisition system in an unbelievably ruggedized platform.”