Magseis Fairfield confirms 4D OBN contract in the North Sea

February 9, 2022

(Oslo, 9 February 2022) Magseis Fairfield today announces the final signing of a 4D Ocean Bottom Node (OBN) survey in the North Sea. Reference is made to a stock exchange release on the 23rd of November 2021, where the company announced a conditional award of this contract.

The survey will be conducted as planned with the Z700 crew. Start-up is expected during the second quarter and the project will run for approximately one month.

“The survey will commence following completion of an ongoing project in Asia. We are pleased to see that our Z700 crew continues to experience high demand and that we continue to firm up the backlog for 2022” says Carel Hooijkaas, CEO in Magseis Fairfield.

For further information, please contact:

André Bjørvik, SVP Corporate Communication
Tel: +47 907 42 746
Email: andre.bjorvik@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.