Magseis Fairfield awarded a large, five-month OBN survey in Asia


(Oslo, 13 August 2021) Magseis Fairfield has been awarded a large Ocean Bottom
Node survey in Asia for an undisclosed customer. The duration of the survey is
approximately five (5) months and is scheduled to commence in the fourth quarter
2021. The survey will be performed using the Z700 node technology.

"With this significant contract award, we have expanded our presence beyond our
core areas of the North Sea and the Gulf of Mexico into Asia, where we expect to
see more OBN surveys in the years to come. This award is a testimony to our
people, knowledge, and superior technology, and represents a material addition
to our backlog. The revenue generation from this project will reflect that it
requires our full Z700 inventory and two node handling vessels and will
therefore be equivalent to ten single node handling vessel acquisition months.
As the project will be executed during the winter months in the fourth quarter
2021 and the first quarter 2022, we maintain our Z700 crew availability for the
2022 North Sea season", says CEO Carel Hooijkaas.
Carel og Magseis leverer som vanlig,kort og presis.....