(Oslo, 17 February 2020) Magseis Fairfield has signed a system sales contract
for delivery of Z100-nodes to an existing client in Asia. The delivery
complements the client's existing Z100 system and enhances their ability to
execute large scale transition zone and shallow water Ocean Bottom Node surveys.

"While our current operations are focused on deep-water surveys, this award goes
to show that we also offer competitive node systems for shallow-water surveys
through our technology sales and lease business", says Magseis Fairfield CEO
Carel Hooijkaas. 

The contract will be filled with an immediate shipment of the first half of the
total volume of nodes from inventory, and through delivery of the second half of
total volume from new-built nodes in the second quarter 2020.
 
"This is a profitable addition to our near-term backlog. It remains a top
priority for us to continue to rebuild the backlog with healthy projects in all
four of our business lines; Data Acquisition, Reservoir Monitoring/Source,
Technology sales and lease, and Multi-Client services", adds Hooijkaas.
 
For further information, please contact:

Carel Hooijkaas, CEO
Tel: +47 480 49 277 
Email: carel.hooijkaas@magseisfairfield.com 

Mark Ivin, CFO 	
Tel: +47 94 88 86 06 
Email: mark.ivin@magseisfairfield.com 

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Magseis Fairfield is a leading provider of ocean bottom seismic systems and
services. The Marine Autonomous Seismic System "MASS" and the range of Z-nodes
combined with automated handling systems enables highly cost-efficient
acquisition of data with exceptional quality. The Company is headquartered in
Oslo, Norway and has offices in Norway, Sweden, UK, USA, 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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