Oil & Gas: Geokinetics Gets PEMEX Contract
August 27, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Geokinetics Inc. (AMEX: GOK) said that Petroleos Mexicanos (PEMEX) has awarded its Mexican subsidiary a seismic acquisition contract valued in excess of $110 million for work in Mexico. According to Geokinetics, the project will be for a seamless Ocean Bottom Cable, Transition Zone and land seismic data acquisition survey that is scheduled to begin late in the fourth quarter 2010 and last through early 2012.
Texas-based Geokinetics is a provider of seismic data acquisition, seismic data processing services and multi-client seismic data to the oil and gas industry worldwide.
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