Magseis Fairfield awarded 4D OBN contract extension in Gulf of Mexico

April 27, 2022

(Oslo, 27 April 2022) Reference is made to the announcement published on 19 November 2021, where Magseis Fairfield announced the award of a 4D Ocean Bottom Node (OBN) survey in the US Gulf of Mexico for a repeat customer, with options for extensions.

We are pleased to announce that the customer has exercised an extension, which has added an additional project to the program, thus extending the current campaign by a further few weeks. The survey will be conducted with Magseis Fairfield’s ZXPLR technology.

“We are pleased to extend our services for this repeat customer over one more of their key assets in the deep-water Gulf of Mexico.”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.