Magseis Fairfield receives award of OBN contract in Asia

August 18, 2022

(Oslo, 18 August 2022) With reference to our press release from 25 July 2022, we are pleased to announce that the conditional award has been converted into an award. The 4D Ocean Bottom Node (OBN) project is scheduled to be conducted using Magseis Fairfield’s MASS technology. Acquisition will start in Q4 and is expected to take approximately one month.

This information is considered to include inside information pursuant to article 7 of the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by André Bjørvik, SVP Corporate Communication, at the date and time as set out above.

For further information, please contact:

Carel Hooijkaas, CEO
Tel: +47 480 49 277
Email: carel.hooijkaas@magseisfairfield.com

Stig Hognestad, CFO
Tel: +47 902 59 040
Email: stig.hognestad@magseisfairfield.com

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Magseis Fairfield is the global leading provider of ocean bottom seismic (OBS) technology and data acquisition projects. The company has a flexible business model with full scale node operations, as well as lease and sale models. The Marine Autonomous Seismic System "MASS" nodes and the range of Z-nodes combined with handling systems and source technology enables market leading deployment speed and highly cost-efficient acquisition of data with exceptional quality.