Lysaker, Norway, 07 September 2017
Magseis is pleased to announce that it has recovered the last sensor
on the 4D seabed seismic survey in the North Sea. This marks the
successful completion of the first large-scale survey conducted with
Magseis' modular ROV-crew.
Commenting on the completion of the survey, Magseis CEO Idar Horstad
said: "This proves the efficiency of our modular-ROV based concept.
We believe the concept holds significant potential for our clients
in conducting more cost-efficient and flexible 4D surveys. Magseis
is now actively marketing the crew across several regions".
This information is subject of the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act
* * *
Magseis is a rapidly growing Norwegian geophysical company providing
ocean bottom seismic ("OBS") acquisition. The Company's proprietary
Marine Autonomous Seismic System ("MASS") enables highly cost-
efficient acquisition and delivers superior data quality. The
Company is headquartered in Oslo, Norway and has offices in Norway,
Sweden and Singapore
For further information, please contact:
Idar Horstad, CEO
Tel: +47 91 53 62 58
Mikkel Ektvedt, CFO
Tel: +47 91 84 84 88