Magseis Fairfield receives conditional award of OBN contract in Gulf of Mexico

June 20, 2022

(Oslo, 20 June 2022) We are pleased to announce a conditional award of an OBN project in Gulf of Mexico from a repeat customer, with an option for a second program extension. The initial survey is scheduled to be conducted with Magseis Fairfield’s ZXPLR technology and is expected to take approximately three months.

“We are pleased to have received this conditional award from a repeat customer over one their assets in the deep-water Gulf of Mexico. With the extension option this program has the potential for filling the remainder of 2022 availability for this crew.”, 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.