Magseis Fairfield and Fugro join forces to capture opportunities within renewables and CCS markets

October 25, 2022

(Oslo, 25 October 2022) Magseis Fairfield has signed a global co-operation agreement with Fugro, a leading Geo-data specialist, to work together on project opportunities including wide area 3D ultra high resolution surveys (3D UHR) for the offshore renewables and carbon capture and storage (CCS) markets.

Under the agreement, both companies will jointly pursue projects that benefit from the combination of Magseis Fairfield’s Extended High Resolution (XHR) seismic system and Fugro’s Geo-data expertise.

Tone Holm-Trudeng, Magseis Fairfield Director of Renewables, stated: “Magseis Fairfield’s mission is to bring value to our global energy partners and stakeholders by delivering leading edge, safe, sustainable solutions, through technology differentiation and key alliances. We are very pleased to have signed the co-operation agreement with Fugro, and look forward to collaborate with a strong industry partner to broaden our offering and support our customers through the energy transition.”

Frank Koopman, Fugro Global Director Offshore Wind, said: “Combining high resolution 3D UHR data with other types of Geo-data into a 3D ground model, will enable clients to make better decisions faster and help support the growing offshore wind market.“

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Tone Holm-Trudeng tone.trudeng@magseisfairfield.com

Frank Koopman f.koopman@fugro.com

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About Magseis Fairfield

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.

Magseis Fairfield’s Renewables business unit utilize a broad technology portfolio and asset light business model to offer services tailored to the Offshore Wind Farm, Offshore minerals and Carbon Capture and Storage (CCS) markets.

About Fugro

Fugro is the world’s leading Geo-data specialist, collecting and analysing comprehensive information about the Earth and the structures built upon it. Adopting an integrated approach that incorporates acquisition and analysis of Geo-data and related advice, Fugro provides solutions. With expertise in site characterisation and asset integrity, clients are supported in the safe, sustainable and efficient design, construction and operation of their assets throughout the full life cycle.

Employing approximately 9000 talented people in 59 countries, Fugro serves clients around the globe, predominantly in the energy, infrastructure and water industries, both offshore and onshore. In 2021, revenue amounted to EUR 1.5 billion. Fugro is listed on Euronext Amsterdam.