Magseis Renewables AS has secured data acquisition contract for North Sea CCS project

21 Nov 2022 08:00 CET

(Oslo, 21 November 2022) Magseis Renewables AS, a wholly owned subsidiary of
Magseis Fairfield ASA, has secured a data acquisition contract for a CCS
monitoring project in the North Sea. The data acquisition will commence in Q4
2022, utilizing our MASS III ocean bottom nodes and modular source technology.


“We are pleased to secure this CCS data acquisition contract. In collaboration
with our customer, we look forward to demonstrate and validate an innovative and
cost-effective technique for CCS monitoring using our ocean bottom nodes and
source technology.” says Renewables Director, Tone Holm-Trudeng.


This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

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

Tone Holm-Trudeng, Renewables Director
Tel: +47 957 60 427
Email: tone.trudeng@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.

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