Are you sure?

Mitcham Industries opens facility in Budapest

US-based seismic industry company Mitcham Industries on Thursday said it opened a new warehouse, logistics and repair facility in Budapest.

"The Eastern European market shows great promise for us, driven by new capital spending on oil and gas exploration, and we expect it to become an increasingly important part of our worldwide presence going forward," said CEO Bill Mitcham.

"Budapest provides a strategic location from which to serve this important market, as well as North Africa and the Middle East.

The proximity of Budapest to our existing Russian operation will provide us with the opportunity to leverage the equipment and capabilities of both operations in order to better serve our customers and enhance our equipment utilization," he added.