Magseis Fairfield receives award of OBN contract in Gulf of Mexico

July 25, 2022

(Oslo, 25 July 2022) With reference to our press release from the 20th of June 2022, we are pleased to announce that the conditional award has been converted into an award. The project is scheduled to be conducted with Magseis Fairfield’s ZXPLR technology. Acquisition will start in Q3 and is expected to take approximately three months.

“We are pleased to continue to work for this repeat customer in the Gulf of Mexico and to continue to build our backlog at improved margins” says Carel Hooijkaas, CEO in Magseis Fairfield.


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

---

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.