Magseis Fairfield awarded an OBN contract for a Multi-Client company

August 2, 2021

(Oslo, 02 August 2021) Magseis Fairfield has been awarded an Ocean Bottom Node survey in the North Sea for a Multi-Client company. The duration of the survey is approximately 2 months and will start in Q3 2021 using the Z700 technology.

Magseis Fairfield has a right of first offer to provide OBN acquisition services to the Multi-Client company with respect to future surveys undertaken by them in 2022 that adjoin this 2021 survey, subject to certain conditions.

“I am very pleased that the close collaboration with the repeat client has resulted in this award. This award provides the additional utilization we were targeting for the Z700 technology in Q3 this year”, 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.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.