Magseis Fairfield awarded 4D OBN project in North Sea

November 14, 2022

(Oslo, 14 November 2022) Magseis Fairfield announce that we have signed an agreement with a repeat customer for a 4D OBN project in the North Sea with options for additional work. The project is scheduled to start in Q2 2023, with expected duration of approximately 1 month, using the Z700 technology.

“We are pleased that we have, in good collaboration with one of our key clients, concluded on a program that further build on a strong backlog for 2023 season.” 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.