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
Pitting Corrosion vs. Crevice Corrosion in Stainless Steel: Key Distinctions and Prevention
Corrosion in oil and gas tubing systems costs over $1 billion annually (source: NACE). Common types like pitting and crevice corrosion can be mitigated with proactive identification and appropriate solutions, preventing costly damage to fluid systems.
