The $1.23m contract is for four stages of work, covering several territories in Argentina, and requires Terra to carry out the services based on sub-terrain prospecting (STeP), naturally adsorbed gas survey (NAGS) and side view seismic locator (SVSL) technologies of the Terra technologies suite.
The prepayment for the first stage, SteP analysis of two license blocks, has been received and the services have started.
The second stage of STeP services for the remaining land parcels is contingent on certain government authorizations and Terra will perform its SVSL and NAGS services upon completion of the STeP studies.
Terra provides mapping and analysis services for exploration, drilling and mining companies related to natural resources found beneath the surface of the earth.
PCR is mainly devoted to produce and distribute construction materials and to explore and produce hydrocarbons (oil and gas).
