Magseis Fairfield has received an award of a large OBN project in Guyana from ExxonMobil

August 17, 2022

(Oslo, 17 August 2022) Magseis Fairfield announce that we have signed an agreement with ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (“EEPGL”), for a large Ocean Bottom Node (OBN) project offshore Guyana. The project is expected to be conducted using our ZXPLR technology and last for minimum 14 months.

“We are very pleased to have been awarded this large OBN project, which potentially sets the stage for other projects in this region.” 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

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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.