Magseis Fairfield awarded a 4D OBN contract in the GoM

Magseis Fairfield awarded a 4D OBN contract in the GoM

19 Nov 2021 08:00 CET

(Oslo/Houston, 19 November 2021) Magseis Fairfield announces the award of a 4D
Ocean Bottom Node (OBN) survey in the Gulf of Mexico from a repeat customer. The
survey will be conducted with Magseis Fairfield's ZXPLR technology. Start-up is
expected in Q1 2022, and the project will run for approximately five months,
with options for extensions.

"This award further strengthens our backlog in our core area of Gulf of Mexico
and builds our 2022 visibility. We are pleased to see that customers continue to
invest in their core assets to maximize recovery rates and cash generation" says
Carel Hooijkaas, CEO in Magseis Fairfield.

For further information, please contact:

André Bjørvik, Corporate Communication
Tel: +47 907 42 746
Email: [email protected]

Carel Hooijkaas, CEO
Tel: +47 480 49 277
Email: [email protected]

---

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.

More information:
Access the news on Oslo Bors NewsWeb site

Source

Magseis Fairfield ASA

Provider

Oslo Børs Newspoint