Geospace Technologies Awarded $7.6 Million Purchase Contract To Deliver Mariner Ocean Bottom Nodes
Geospace Technologies (NASDAQ: GEOS) has secured a $7.6 million contract to provide Mariner™ ocean bottom wireless nodes to Caspian Engineering Company, a Kazakhstan-based geologic-geophysical survey firm. The delivery is scheduled for the company's third fiscal quarter.
The Mariner™ system is designed for extended-duration seabed ocean bottom seismic data acquisition, operating at depths up to 750 meters with continuous recording capability for up to 70 days. The company also offers Mariner Deep™, which can function at depths exceeding 3,048 meters and record continuously for up to 200 days.
This contract represents a significant partnership, with Caspian Engineering selecting Geospace's latest slim profile seabed data acquisition node technology for their operational and seismic data quality requirements.
Geospace Technologies (NASDAQ: GEOS) ha ottenuto un contratto di 7,6 milioni di dollari per fornire nodi wireless Mariner™ per il fondo oceanico alla Caspian Engineering Company, un'azienda kazaka specializzata in indagini geologiche e geofisiche. La consegna è prevista per il terzo trimestre fiscale dell'azienda.
Il sistema Mariner™ è progettato per l'acquisizione di dati sismici sul fondo marino di lunga durata, operando a profondità fino a 750 metri con capacità di registrazione continua per un massimo di 70 giorni. L'azienda offre anche Mariner Deep™, che può funzionare a profondità superiori a 3.048 metri e registrare continuamente per un massimo di 200 giorni.
Questo contratto rappresenta una partnership significativa, con la Caspian Engineering che ha scelto la tecnologia di nodo di acquisizione dati sul fondo marino a profilo ridotto di Geospace per soddisfare le loro esigenze operative e di qualità dei dati sismici.
Geospace Technologies (NASDAQ: GEOS) ha conseguido un contrato de 7,6 millones de dólares para proporcionar nodos inalámbricos Mariner™ para el fondo oceánico a Caspian Engineering Company, una empresa de encuestas geológicas y geofísicas con sede en Kazajistán. La entrega está programada para el tercer trimestre fiscal de la empresa.
El sistema Mariner™ está diseñado para la adquisición de datos sísmicos en el fondo marino durante períodos prolongados, operando a profundidades de hasta 750 metros con capacidad de grabación continua durante hasta 70 días. La empresa también ofrece Mariner Deep™, que puede funcionar a profundidades superiores a 3.048 metros y grabar continuamente durante hasta 200 días.
Este contrato representa una asociación significativa, ya que Caspian Engineering ha seleccionado la última tecnología de nodo de adquisición de datos en el fondo marino de Geospace para sus requisitos operativos y de calidad de datos sísmicos.
지오스페이스 테크놀로지스 (NASDAQ: GEOS)는 카자흐스탄에 본사를 둔 지질-지구물리 조사 회사인 카스피안 엔지니어링 컴퍼니에 해저 무선 노드 Mariner™를 제공하기 위해 760만 달러 계약을 체결했습니다. 납품은 회사의 3분기 재무 기간에 예정되어 있습니다.
Mariner™ 시스템은 최대 750미터 깊이에서 작동하며 최대 70일 동안 지속적으로 기록할 수 있는 장기 해저 시추 데이터 수집을 위해 설계되었습니다. 이 회사는 또한 3,048미터 이상의 깊이에서 작동하고 최대 200일 동안 지속적으로 기록할 수 있는 Mariner Deep™도 제공합니다.
이 계약은 카스피안 엔지니어링이 운영 및 지진 데이터 품질 요구 사항을 충족하기 위해 지오스페이스의 최신 슬림 프로파일 해저 데이터 수집 노드 기술을 선택한 중요한 파트너십을 나타냅니다.
Geospace Technologies (NASDAQ: GEOS) a obtenu un contrat de 7,6 millions de dollars pour fournir des nœuds sans fil Mariner™ pour le fond marin à Caspian Engineering Company, une entreprise kazakhe spécialisée dans les enquêtes géologiques et géophysiques. La livraison est prévue pour le troisième trimestre fiscal de l'entreprise.
Le système Mariner™ est conçu pour l'acquisition de données sismiques à long terme sur le fond marin, fonctionnant à des profondeurs allant jusqu'à 750 mètres avec une capacité d'enregistrement continu pendant jusqu'à 70 jours. L'entreprise propose également Mariner Deep™, qui peut fonctionner à des profondeurs dépassant 3 048 mètres et enregistrer en continu pendant jusqu'à 200 jours.
Ce contrat représente un partenariat significatif, Caspian Engineering ayant choisi la dernière technologie de nœud d'acquisition de données sur le fond marin à profil mince de Geospace pour répondre à ses exigences opérationnelles et de qualité des données sismiques.
Geospace Technologies (NASDAQ: GEOS) hat einen Vertrag über 7,6 Millionen Dollar gesichert, um Mariner™ drahtlose Knoten für den Meeresboden an die Caspian Engineering Company zu liefern, ein in Kasachstan ansässiges Unternehmen für geologische und geophysikalische Erhebungen. Die Lieferung ist für das dritte Geschäftsquartal des Unternehmens geplant.
Das Mariner™-System ist für die langfristige Erfassung von seismischen Daten am Meeresboden konzipiert und kann in Tiefen von bis zu 750 Metern betrieben werden, wobei eine kontinuierliche Aufzeichnung von bis zu 70 Tagen möglich ist. Das Unternehmen bietet auch Mariner Deep™ an, das in Tiefen von mehr als 3.048 Metern funktioniert und bis zu 200 Tage lang kontinuierlich aufzeichnen kann.
Dieser Vertrag stellt eine bedeutende Partnerschaft dar, da Caspian Engineering die neueste schlanke Profil-Technologie von Geospace zur Datenerfassung am Meeresboden für ihre operativen und seismischen Datenqualitätsanforderungen ausgewählt hat.
- Secured new $7.6 million contract for Mariner nodes
- Delivery expected in current fiscal quarter, indicating near-term revenue recognition
- Expands market presence in Kazakhstan through partnership with Caspian Engineering
- None.
Insights
The $7.6 million purchase contract with Caspian Engineering Company represents approximately 6% of Geospace Technologies' current market capitalization, marking a substantial commercial win that validates their latest seismic technology innovation. The selection of Mariner nodes by a significant player in Kazakhstan's oil exploration sector could catalyze additional contracts in the resource-rich Caspian region.
The technical specifications of the Mariner system offer compelling operational advantages that directly impact the bottom line of seismic survey operations. The 70-day continuous recording capability at depths up to 750 meters significantly reduces vessel deployment costs and operational complexity compared to traditional systems. This extended deployment window translates to fewer vessel trips and lower personnel requirements, potentially reducing survey costs by 20-30% over conventional solutions.
From a market perspective, this contract signals growing industry acceptance of wireless ocean bottom nodes for challenging seismic surveys. The timing is particularly strategic as global energy companies increase exploration activities in response to energy security concerns and sustained oil prices. The ruggedized design and extended battery life of the Mariner system address key pain points in marine seismic operations, positioning GEOS to capture additional market share in the expanding ocean bottom node segment.
Looking ahead, this contract could serve as a reference case for future sales, particularly in regions with similar geological and operational challenges. The successful deployment in Kazakhstan could open doors to additional contracts in the Caspian Sea region, where numerous oil and gas exploration projects are planned or underway.
“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.”
As a leading innovator and manufacturer of marine seismic systems, Geospace Technologies offers ocean-bottom wireless seismic data acquisition node systems, permanent reservoir monitoring systems, and marine streamer accessories. The Company’s most recent seabed node offerings were designed to provide savings over the lifetime of ownership through improved logistics, operations, maintenance and repair. The Mariner™ is designed for extended-duration seabed ocean bottom seismic data acquisition, ideally deployed at shallow depths down to 750 meters with continuous recording for up to 70 days. The Mariner Deep™ is designed for extended-duration seabed ocean bottom seismic data acquisition. These nodes can be deployed in depths exceeding 3,048 meters with continuous recording for up to 200 days.
About Caspian Energy
Caspian Engineering Company provides a full range of services in the field of geologic-geophysical and engineering surveys using highly qualified personnel. The company applies a high-tech methodology, the latest equipment and devices for performance of services. The company works in the field of geological provisions, aligned with the study and development of mineral resources on the shelf and inland waters.
About Geospace Technologies
Geospace Technologies is a global technology and instrumentation manufacturer specializing in advanced sensing, IoT and highly ruggedized products, which serve smart water, energy exploration, industrial, government and commercial customers worldwide. The Company’s products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of excellence, the Company’s more than 450 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the
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MEDIA CONTACT: Caroline Kempf, ckempf@geospace.com, 713.986.8710
Source: Geospace Technologies Corporation
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