Magseis Fairfield awarded OBN deep-water survey in Angola

February 10, 2021

(Oslo/Houston, 10 February 2021) Magseis Fairfield has been awarded a contract
for a deep-water Ocean Bottom Node baseline survey (3D) offshore Angola for a
major international energy company. The project is expected to start in Q2-2021
and run for approximately three months.

“Our Ocean Bottom Node technology has delivered high quality and cost-effective
data to clients worldwide, and we are glad to bring onboard yet another major
international energy company to our customer list. This contract represents a
meaningful addition to our 2021 backlog,” says CEO Carel Hooijkaas in Magseis
Fairfield.

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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