Inactive Instrument

Magseis Fairfield ASA

MSEIS

NO0010663669

Oil Related Services and Equipment

Magseis Fairfield : awarded deepwater OBN monitor survey in US Gulf of Mexico from Q1 2021

December 16, 2020 at 02:01 am EST

(Oslo/Houston, 16 December 2020) Magseis Fairfield has been awarded a deepwater
Ocean Bottom Node (OBN) monitor survey in the US Gulf of Mexico. The survey is
anticipated to start in Q1 2021 and run for approximately three months. 

The OBN study is for a repeat customer, with nodes to be deployed by ROV at
1,000-1,900 meters depth. Magseis Fairfield will mobilize the ZXPLR1 crew for
this data acquisition contract.

"This contract ensures a continued backlog on our ZXPLR1 crew well into Q3 2021.
The high-quality results and cost-efficient operations means the crew remains in
demand even in a challenging market. Our clients will continue to execute key
OBN seismic projects on their key assets," says CEO Carel Hooijkaas.

For further information, please contact:

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

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

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Magseis Fairfield ASA is a Norway-based global 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 whole Group is managed as one segment, being geophysical surveys with respect to products and services. Magseis Fairfield ASA's services include technology lease and sale, the offering comprises nodes for any environment, any challenge, any depth, land or sea, and back up the Company's technology with unparalleled expertise. Magseis Fairfield ASA has numerous subsidiaries, such as Magseis Fairfield Industries International Ltd, Magseis Singapore Services Pte Ltd, Magseis Renewables AS and Magseis Malaysia Sdn Bhd.

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