Magseis Fairfield awarded OBN contract in the North Sea

June 20, 2022

(Oslo, 20 June 2022) Reference is made to the announcement made on the 21st of January 2022, where Magseis Fairfield announced the award of an Ocean Bottom Node (OBN) survey in the North Sea using our Z700 crew. Magseis Fairfield has received an award of a project in the same area that extends the duration of operation by approximately one month, to a total of three months.

"We are pleased to have been awarded this project, as a result of good dialogue with our customers in exploring synergies with other planned activities.” 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.