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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Magseis Fairfield ASA    MSEIS   NO0010663669

MAGSEIS FAIRFIELD ASA

(MSEIS)
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Magseis Fairfield : awarded deepwater 4D Baseline OBN survey in the US Gulf of Mexico from late 2020

09/21/2020 | 02:00am EST
(Oslo/Houston, 21 September 2020) Magseis Fairfield announces the award of a
deepwater 4D Baseline Ocean Bottom Node (OBN) survey in the US Gulf of Mexico
for a repeat customer.

The survey is anticipated to start in December 2020 with a project duration of
approximately 80 days, adding to Magseis Fairfield's 2020 and 2021 backlog.
Magseis Fairfield will mobilize the second ZXPLR crew for this project.

"Our Ocean Bottom Node technology in the Gulf of Mexico continues to deliver
high quality and cost-effective data to our clients. The award of this project
further highlights that during these challenging market conditions, our clients
are looking at cash and value generation from existing reserves, thereby using
Magseis Fairfield OBN technology", says CEO Carel Hooijkaas in Magseis
Fairfield.

For further information, please contact:

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

Mark Ivin, CFO 
Tel: +47 948 88 606 
Email: mark.ivin@magseisfairfield.com 

---

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.
The Company is headquartered in Oslo, Norway and has offices in US, Sweden, UK,
Brazil and Singapore. This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials (USD)
Sales 2020 321 M - -
Net income 2020 -7,44 M - -
Net cash 2020 132 M - -
P/E ratio 2020 36,9x
Yield 2020 -
Capitalization 116 M 116 M -
EV / Sales 2020 -0,05x
EV / Sales 2021 -0,25x
Nbr of Employees 338
Free-Float 64,4%
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Number of Analysts 2
Average target price
Last Close Price 3,75 
Spread / Highest target -
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Managers and Directors
NameTitle
Carel Willem Jan Hooijkaas Chief Executive Officer
Wenche Kjls Chairman
Thomas Scoulios Chief Operating Officer
Mark Ivin Chief Financial Officer
Jan Bertil Gateman Executive Director & SVP-Research & Development
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