Lysaker, Norway, 22.11.2017
Magseis is in the process of finalising a contract with an undisclosed client for the provision of a 4D seabed seismic acquisition survey in the North Sea using the company's proprietary MASS system. Magseis will mobilise its MASS Modular crew for the project. The duration of the contract is estimated at approximately 2 weeks and will commence during the 2018 North Sea summer season.
This information is subject of the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.
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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