Awarded OBN survey in Gulf of Mexico

April 8, 2021

(Oslo/Houston, 08 April 2021) Magseis Fairfield has been awarded an Ocean Bottom Node survey in the Gulf of Mexico for a Multi-Client company. The duration of the survey is approximately four (4) months and will be executed in 2021 using our ZXPLR deepwater ocean bottom node technology.

“This project is yet another confirmation that our clients continue to see clear value in obtaining high quality OBN data to evaluate existing and new licenses in the Gulf of Mexico. This contract demonstrates that the Gulf of Mexico continues to be a core area for our services and represents a very meaningful addition to our 2021 backlog.”, says CEO, Carel Hooijkaas.

For further information, please contact:

Mark Ivin, CFO
Tel: +47 948 88 606
Email: mark.ivin@magseisfairfield.com

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

The Company is headquartered in Oslo, Norway and has offices in US, Sweden, UK, Brazil and Singapore. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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