Magseis Fairfield awarded 4D OBN survey in Norwegian North Sea

February 1, 2021

(Oslo/Houston, 01 February 2021) Magseis Fairfield has been awarded a 4D Ocean
Bottom Node monitor survey in the Norwegian North Sea for a major E&P company.
The survey is scheduled to commence late in the first quarter 2021 and last for
approximately 1 month.

“This project is yet another confirmation that our clients continue to see clear
value in obtaining high quality 4D seismic data to maximize the potential in
existing fields. This contract demonstrates that our offering remains in demand
even in these challenging market conditions for the oil and gas industry, and
represents a meaningful addition to our North Sea 2021 backlog. With this award
we will re-mobilize the Z700 crew in the North Sea”, 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.

The Company is headquartered in Oslo, Norway and has offices in US, Sweden, UK,
Brazil and Singapore. This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act.

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