(Oslo/Houston, 08 April 2021) Magseis Fairfield has been awarded an Ocean Bottom
Node  survey in the Gulf of Mexico for a Multi-Client company. The duration of
the survey is approximately four (4) months and will be executed in 2021 using
our ZXPLR deepwater ocean bottom node technology.

"This project is yet another confirmation that our clients continue to see clear
value in obtaining high quality OBN data to evaluate existing and new licenses
in the Gulf of Mexico. This contract demonstrates that the Gulf of Mexico
continues to be a core area for our services and represents a very meaningful
addition to our 2021 backlog.", says CEO, Carel Hooijkaas. 

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.