Axxis Geo Solutions receives cancellation of North Sea contract
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
No specific announcement has previously been issued regarding this contract, but the contract was communicated as firm in the company's 4Q19 presentation.
The contract revenue was estimated at US$1 million, and AGS will receive a cancelation fee of 25% of the estimated revenue amount.
Read the article online at: https://www.oilfieldtechnology.com/exploration/26032020/axxis-geo-solutions-receives-cancellation-of-north-sea-contract/
You might also like
WellSense announces strategic partnership with precise downhole solutions to expand Fibre optic well surveillance in Canada.
Partnership combines WellSense’s Fli surveillance technology with Precise’s local expertise to support Canadian operators addressing well integrity challenges.