Company Name

MAGSEIS FAIRFIELD

ISIN

NO0010663669

Market

Oslo Børs

Symbol

MSEIS

(Oslo/Houston, 12 February, 2021) Magseis Fairfield announces the award of a new
deep-water 4D Ocean Bottom Node (OBN) monitor survey in the US Gulf of Mexico
for a repeat customer.

The survey will be conducted with Magseis Fairfield’s ZXPLR technology,
currently in use for ongoing projects in the same geographical area. Start-up is
expected to be mid-Q2 2021, and the project will run for approximately two
months.

“We are glad to see our customers recognizing the value we bring, and award us
repeat business. This contract represents an important addition to our overall
backlog, and specifically extends our backlog for the ZXPLR crew in the region,”
says Carel Hooijkaas, CEO in Magseis Fairfield.

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

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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.

More information:
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