05:06 PM EDT, 06/16/2025 (MT Newswires) -- Geospace Technologies ( GEOS ) said Monday it has been awarded a permanent reservoir monitoring contract for Mero Fields 3 and 4 from Petrobras, operator of the Mero field consortium.

The multi-year contract, which commences in June, includes

the engineering, procurement, construction, and operation of the OptoSeis permanent reservoir monitoring system, the firm said.

The monitoring system will help oversee and optimize oil production from the Mero field, it added.

Shares were up over 7% in after-hours trading.