Magseis Fairfield receives project award in Gulf of Mexico

August 24, 2022

With reference to the announcement made 2 September 2020, we are pleased to announce that the conditional award has been converted into an award. The project is scheduled to start in Q4 2022, with an expected duration of 4 months, using the ZXPLR technology.

“We are delighted to see continued high demand for our services in Gulf of Mexico on the back of the local authorities approving new permits and letters of authorization. We have had a good dialogue with this repeat customer throughout the process which has now resulted into this award.” 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.