Magseis Fairfield awarded OBN contract in the North Sea

January 21, 2022

(Oslo, 21 January 2022) Reference is made to the announcement made on the 6th of January 2022, where Magseis Fairfield announced the conditional award of an Ocean Bottom Node (OBN) survey for a repeat customer. We are pleased to announce that this conditional award has been converted into a signed contract. The survey is located in the North Sea and will be acquired by our Z700 crew, with expected start-up late Q2.

“We are pleased to have been awarded this project. The project will start after the crew returns from the ongoing operation in Asia.” 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.